Bond yields traded flat on Wednesday after rising US Treasury yields dimmed the appeal of emerging-market debt and spurred outflows, weighing on the rupee.
In the global market, US Treasury yields were slightly lower on Tuesday, reducing losses in the previous session as investors look at how central banks are responding to renewed fears of inflation. Furthermore, Oil prices eased on Wednesday after U.S. President Donald Trump again asserted the war with Iran will end ‘very quickly’, though investors remain wary about the outcome of peace talks amid continued disruptions to Middle East supply from the conflict.
Back home, the yields on new 10 year Government Stock were trading flat with its previous close of 7.11% on Tuesday.
The benchmark five-year interest rates were trading 02 basis points higher at 6.91% from its previous close of 6.89% on Tuesday.