Bond yields edged lower on Thursday, ahead of the release of August inflation data due after market hours today.
In the global market, US Treasury yields advanced on Wednesday for a third straight day, moving in lock step with the euro zone bond market, amid uncertainty about Thursday’s European Central Bank meeting, which could prove less aggressive in easing monetary policy. Furthermore, Oil prices jumped, bouncing back from heavy losses in the previous session, buoyed by moves to ease trade tensions between Washington and Beijing and a drop in U.S. crude inventories to the lowest in nearly a year.
Back home, the yields on new 10 year Government Stock were trading 3 basis points lower at 6.64% from its previous close of 6.67% on Wednesday.
The benchmark five-year interest rates were trading 1 basis point lower at 6.37% from its previous close of 6.38% on Wednesday.