Bond yields traded flat as traders awaited the central bank’s debt purchase plan in the coming sessions and the weekly debt auction tomorrow.
In the global market, longer-term U.S. Treasury yields rose Wednesday on hopes of more domestic fiscal stimulus and that vaccines would spark an economic recovery. Furthermore, oil prices rose, buoyed by a COVID-19 vaccine rollout in Britain and the imminent approval of a vaccine in the United States, which could spur a rebound in fuel demand, despite a large build in U.S. crude stocks last week.
Back home, the yields on new 10 year Government Stock were trading flat with its previous close of 5.91% on Wednesday.
The benchmark five-year interest rates were trading 1 basis point lower at 5.08% from its previous close of 5.09% on Wednesday.