Bond yields edged lower on Thursday amid bets that pace of headline inflation due on Friday might slow further, while weaker-than-expected U.S. inflation helped gains.
In the global market, the 10-year Treasury yield fell slightly on Wednesday as a highly anticipated inflation figure came in flat compared with the previous month.
Furthermore, Oil prices drifted lower on Thursday after gaining more than $1 in the previous session, as concerns over supply disruptions eased and markets looked for evidence of improving fuel demand.
Back home, the yields on new 10 year Government Stock were trading 6 basis points lower at 7.25% from its previous close of 7.31% on Wednesday.
The benchmark five-year interest rates were trading 5 basis points lower at 6.95% from its previous close of 7.00% on Wednesday.