Bond yields traded lower on Wednesday, as traders still await a likely fiscal stimulus package from the government to cushion the impact of the coronavirus.
In the global market, traders looking for stronger indications of the economy's path through the COVID-19 pandemic sent U.S. Treasury yields lower on Tuesday. Furthermore, oil prices climbed, trimming some of this week's steep losses after U.S. stockpiles rose less than expected and hopes grew for demand to pick up as some European countries and U.S. cities moved to ease coronavirus lockdowns.
Back home, the yields on new 10 year Government Stock were trading 2 basis points lower at 6.11% from its previous close of 6.13% on Tuesday.
The benchmark five-year interest rates were trading flat with its previous close of 5.18% on Tuesday.