Bond yields traded flat on Wednesday, as traders await the central bank’s so-called special open market operation, due tomorrow, for further cues.
In the global market U.S. Treasury yields fell on Tuesday as data showed U.S. retail sales increased less than expected in October, underscoring expectations that growth might slow this quarter. Furthermore, oil prices fell after a bigger-than-expected build in U.S. crude stockpiles stoked fears for weak fuel demand and a potential supply glut, but hopes that OPEC and its allies will postpone a planned January increase to oil output braked losses.
Back home, the yields on new 10 year Government Stock were trading flat with its previous close of 5.87% on Tuesday.
The benchmark five-year interest rates were trading 1 basis point higher at 5.09% from its previous close of 5.08% on Tuesday.