Bond yields edged higher on Wednesday, as local retail inflation gained pace in February, while uncertainty over continuation of open market purchases in March will further weigh on investor appetite.
In the global market, US Treasury yields tumbled on Tuesday, pressured by weak inflation data for the world's largest economy, supporting expectations the Federal Reserve will hold interest rates steady this year, as well as worries about Britain's exit from the European Union. Furthermore, Oil prices edged higher, supported by planned cuts to Saudi exports and a reduced forecast for US crude output.
Back home, the yields on new 10 year Government Stock were trading 3 basis points higher at 7.54% from its previous close of 7.51% on Tuesday.
The benchmark five-year interest rates were trading 3 basis points higher at 7.05% from its previous close of 7.02% on Tuesday.