Bond yields traded flat on Wednesday, as traders await the demand for the new 10-year note at a weekly auction and the country’s gross domestic product data, due later this week.
In the global market U U.S. Treasury yields on the longer end of the curve rose on Tuesday as investors rushed to riskier investments, including soaring stocks. Furthermore, U.S. oil edged lower, after an industry report showed crude stockpiles in the United States rose against expectations, tempering a rally driven by news that another vaccine against COVID-19 had proved effective in trials.
Back home, the yields on new 10 year Government Stock were trading flat with its previous close of 5.88% on Tuesday.
The benchmark five-year interest rates were trading flat with its previous close of 5.05% on Tuesday.