Bond yields traded flat on Thursday, as market participants continue to await supply-absorbing steps from the central bank.
In the global market, U.S. Treasury yields rose and the yield curve steepened on Wednesday as hopes of a COVID-19 vaccine boosted risk appetite and reduced demand for safe-haven bonds. Furthermore, oil prices slid after OPEC and allies such as Russia agreed to ease record supply curbs from August, though the drop was cushioned by hopes for a swift U.S. demand pick-up after a bigger-than-expected drawdown from the country's crude stocks.
Back home, the yields on new 10 year Government Stock were trading flat with its previous close of 5.81% on Wednesday.
The benchmark five-year interest rates were trading 1 basis point higher at 4.89% from its previous close of 4.88% on Wednesday.
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