Bond yields traded higher on Wednesday despite U.S. President Donald Trump accused India and China of being the primary funders of Russia's war in Ukraine through their continued purchase of Russian oil.
In the global market, U.S. Treasury yields declined on Tuesday after Federal Reserve Chair Jerome Powell emphasized the difficulty posed by balancing the state of employment in the U.S. economy and inflation.
Back home, the yields on new 10 year Government Stock were trading 6 basis points higher at 6.26% from its previous close of 6.20% on Tuesday.
The benchmark five-year interest rates were trading 2 basis points higher at 6.48% from its previous close of 6.46% on Tuesday.