Bond yields edged flat on Wednesday amid a private report stating that inflation expectations of Corporate India seem to be settling around 4.3 percent, showing that it declined to 4.37 percent in January.
In the global market, U.S. Treasury yields pulled back on Tuesday after the latest economic data signaled easing price inflation. Furthermore, oil prices fell nearly 1% on Tuesday, pressured by skepticism around China achieving its economic growth target and investors' declining risk appetite despite support from a weaker U.S. dollar.
Back home, the yields on new 10 year Government Stock were trading flat with its previous close of 7.05% on Tuesday.
The benchmark five-year interest rates were trading 1 basis point lower at 7.04% from its previous close of 7.05% on Tuesday.