Bond yields edged marginally higher on Wednesday as most traders stayed on the sidelines awaiting fresh triggers in the new year.
In the global market, benchmark U.S. 10-year Treasury yields on Tuesday dipped slightly to open the final week of 2023. Furthermore, Oil prices were trading flat on Wednesday, though intensifying attacks by Iran-backed Houthi rebels in the Red Sea were causing concern the war in the Middle East could escalate.
Back home, the yields on new 10 year Government Stock were trading 1 basis point higher at 7.19% from its previous close of 7.18% on Tuesday.
The benchmark five-year interest rates were trading 1 basis point higher at 7.09% from its previous close of 7.08% on Tuesday.