Bond yields traded lower on Wednesday, as traders await October’s retail inflation print and the central bank’s special open market operation, due tomorrow, for further cues.
In the global market U.S. Treasury yields rose modestly on Tuesday, as the market consolidated the previous session's strong gains fueled by news of a potential coronavirus vaccine. Furthermore, oil futures rose after an industry report showed that U.S. crude inventories fell by more than expected as prices continued to be supported by news of successful trials of a vaccine for coronavirus.
Back home, the yields on new 10 year Government Stock were trading 1 basis point lower at 5.90% from its previous close of 5.91% on Tuesday.
The benchmark five-year interest rates were trading 1 basis point lower at 5.17% from its previous close of 5.18% on Tuesday.