Bond yields edged lower on Thursday amid a private report stating that investments by private equity and venture capital funds declined for the second consecutive year in 2023 after the 'funding winter' impacted 2022.
In the global market, U.S. Treasury yields slid on Wednesday as investors awaited the first read of fourth-quarter U.S. gross domestic product for 2023 and next week's meeting of the Federal Reserve that may hint at when policymakers begin a much-anticipated cut to interest rates. Furthermore, U.S. crude oil prices rose about 1% Wednesday after domestic production fell substantially in the wake of severe winter storms this month.
Back home, the yields on new 10 year Government Stock were trading 1 basis point lower at 7.17% from its previous close of 7.18% on Wednesday.
The benchmark five-year interest rates were trading flat with its previous close of 7.04% on Wednesday.