Bond yields edged lower on Wednesday, as traders await new triggers on the fiscal and monetary front to offset the economic impact of the coronavirus.
In the global market, U.S. Treasury yields were mixed in quiet trading on Tuesday, with those at the long end drifting higher on cautious optimism that a plateauing of coronavirus cases would allow an economic reboot sooner than feared. Furthermore, oil prices rose as investors looked for bargains after the previous session's slump and on hopes that consuming countries will look to fill their strategic reserves, although oversupply fears and warnings of a deep recession capped gains.
Back home, the yields on new 10 year Government Stock were trading 4 basis points lower at 6.45% from its previous close of 6.49% on Monday.
The benchmark five-year interest rates were trading 13 basis points lower at 5.82% from its previous close of 5.95% on Monday.