Bond yields edged higher on Thursday as the ministry of statistics and programme implementation in its final Annual Survey of Industries (ASI) said manufacturing sector investments grew 20.9% in 2019-20 over the previous fiscal.
In the global market, U.S. Treasury yields climbed on Wednesday on lingering inflation concerns even as some investors saw minutes of the U.S. Federal Reserve's July meeting reaffirming a less aggressive stance in the central bank's fight against rising prices.
Back home, the yields on new 10 year Government Stock were trading 6 basis points higher at 7.24% from its previous close of 7.18% on Wednesday.
The benchmark five-year interest rates were trading 6 basis points higher at 6.93% from its previous close of 6.87% on Wednesday.