Bond yields edged lower on Thursday as traders await key inflation data, including from the United States, that would provide crucial insights on the timing of rate cuts.
In the global market, U.S. Treasury yields fell on Wednesday as investors looked ahead to inflation data out Thursday and how it could affect interest rates and the overall economy. Furthermore, Oil prices edged higher on Thursday on concerns about escalating conflict in the Middle East with more attacks on Gaza and on shipping in the Red Sea, even as a surprise build in U.S. crude stockpiles capped gains.
Back home, the yields on new 10 year Government Stock were trading 3 basis points lower at 7.16% from its previous close of 7.19% on Wednesday.
The benchmark five-year interest rates were trading flat with its previous close of 7.05% on Wednesday.