Bond yields traded higher on Wednesday as Labour Ministry report showed that retail inflation for industrial workers slipped to 3.67 per cent in June from 3.86 per cent in the previous month this year mainly due to lower prices of certain food items.
In the global market, treasury yields bounced back on Tuesday as investors closely monitored a reversal of the previous day's global market sell-off. Furthermore, oil prices settled higher on Tuesday, bouncing off multi-month lows hit in the previous session, as investor attention turned to supply tightness and financial markets recovered from their recent slump.
Back home, the yields on new 10 year Government Stock were trading 11 basis points higher at 6.98% from its previous close of 6.87% on Tuesday.
The benchmark five-year interest rates were trading 11 basis points higher at 6.89% from its previous close of 6.78% on Tuesday.