Bond yields traded flat on Wednesday as traders await the central bank’s open market operation, due tomorrow, for further cues.
In the global market, U.S. Treasury yields moved lower on Tuesday as disparate views in Washington over the next move on coronavirus aid contributed to a risk-off tone in markets. Furthermore, oil prices were steady on concerns that fuel demand will continue to falter as rising coronavirus cases across Europe and in the United States, the world's biggest oil consumer, could impede economic growth.
Back home, the yields on new 10 year Government Stock were trading flat its previous close of 5.90% on Tuesday.
The benchmark five-year interest rates were trading flat its previous close of 5.17% on Tuesday.