Bond yields edged higher on Thursday, as crude oil prices were steady, and traders await a weekly auction of notes April 26.
In the global market, US Treasury yields were lower across maturities on Wednesday as investors piled into the safe-haven government bonds following a dovish report from Canada's central bank, weak data from Germany and Australia, and solid demand at auction for $41 billion of new five-year notes. Furthermore, oil prices dipped as record U.S. output and rising crude stockpiles dampened the impact on markets of tighter US sanctions on Iran and producer club OPEC's continued curbs on supply.
Back home, the yields on new 10 year Government Stock were trading 5 basis points higher at 7.47% from its previous close of 7.42% on Wednesday.
The benchmark five-year interest rates were trading 6 basis points higher at 7.41% from its previous close of 7.35% on Wednesday.