Bond yields traded flat on Wednesday as investors preferred to stay on the sidelines ahead of key economic indicators like retail inflation and factory production data later this week.
In the global market, U.S. Treasury yields were higher on Tuesday as investors weighed the state of the economy ahead of key inflation data due later this week. Furthermore, Crude oil prices surged on Wednesday, fueled by escalating geopolitical tensions in the Middle East and recent supply outages in Libya.
Back home, the yields on new 10 year Government Stock were trading flat with its previous close of 7.18% on Tuesday.
The benchmark five-year interest rates were trading flat with its previous close of 7.06% on Tuesday.
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