Bond yields traded marginally lower on Wednesday even as Commerce Ministry has said that the day-long discussions with visiting US Chief Negotiator Brendan Lynch and its team on a proposed bilateral trade agreement were positive and both sides agreed to push for an early and mutually beneficial conclusion of the agreement.
In the global market, treasury yields moved lower on Tuesday as investors looked to the Federal Reserve’s interest rate decision this week.
Back home, the yields on new 10 year Government Stock were trading 2 basis points lower at 6.47% from its previous close of 6.49% on Tuesday.
The benchmark five-year interest rates were trading 6 basis points lower at 6.27% from its previous close of 6.33% on Tuesday.
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