Bond yields edged higher on Thursday, tracking an uptick in US Treasury yields, while investors await the minutes of the rate-setting Monetary Policy Committees December meeting, due later today, for further cues on interest rates.
In the global market, US Treasury yields rose on Wednesday as investors shrugged off the likely impeachment of US President Donald Trump and focused on positive economic signs. Furthermore, Oil prices remained in touching distance of three-month peaks, extending a robust streak that began a week ago, after data showed US crude inventories had dropped while output cuts by major producers kept supply snug.
Back home, the yields on new 10 year Government Stock were trading 1 basis point higher at 6.72% from its previous close of 6.71% on Wednesday.
The benchmark five-year interest rates were trading 1 basis point higher at 6.54% from its previous close of 6.53% on Wednesday.
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