Bond yields traded flat on Thursday, as traders await fresh triggers including bond-supportive measures from the central bank to soothe concerns of excess supply.
In the global market, Yields of long-term U.S. Treasuries bounced off session lows on Wednesday after an auction of $17 billion of 20-year bonds that analysts dubbed neutral to a bit weak. Furthermore, Oil prices ticked higher, although gains were limited by a surprise increase in U.S. crude oil reserves as the coronavirus pandemic hit fuel consumption.
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 lower at 4.92% from its previous close of 4.93% on Wednesday.