Bond yields traded flat on Wednesday with a private report indicating that India's retail inflation likely accelerated to 6.40% in July on surging food prices, breaching the upper end of the Reserve Bank of India's 2%-6% tolerance band for the first time in five months.
In the global market, Treasury yields fell on Tuesday, sending the benchmark 10-year rate to a one-week low, after weak trade data from China raised concerns about slowing global economic growth. Furthermore, Oil prices edged higher on Tuesday as a U.S. government agency projected a rosier outlook on the economy, but bearish data on China's crude imports and exports weighed.
Back home, the yields on new 10 year Government Stock were trading flat with its previous close of 7.16% on Tuesday.
The benchmark five-year interest rates were trading 1 basis points higher at 7.14% from its previous close of 7.13% on Tuesday.