Bond yields edged lower on Wednesday as traders await inflation data for the U.S. as well as India that will provide further cues for interest rate hikes.
In the global market, U.S. long-term Treasury yields fell on Monday as a key inversion of the bond curve continued to deepen. Furthermore, Oil prices have come back down to earth after soaring in the wake of Russia's invasion of Ukraine, to the relief of politicians, companies, and drivers everywhere.
Back home, the yields on new 10 year Government Stock were trading 3 basis points lower at 7.31% from its previous close of 7.34% on Monday.
The benchmark five-year interest rates were trading 3 basis points lower at 7.02% from its previous close of 7.05% on Monday.