Bond yields traded flat on Thursday as US President Donald Trump has signed an executive order to impose an additional 25% tariff on India, on the top of already imposed 25%.
In the global market, 10-year Treasury yield rose following a less-than-stellar $42 billion auction of new securities by the Treasury Department. Furthermore, Oil prices climbed on Wednesday, rebounding from a five-week low in the previous day, on concerns of supply disruptions.
Back home, the yields on new 10 year Government Stock were flat with its previous close of 6.40% on Wednesday.
The benchmark five-year interest rates were trading 4 basis points higher at 6.16% from its previous close of 6.12% on Wednesday.