Bond yields traded higher on Thursday after US President Donald Trump indicated that negotiations with Iran were entering the final stages.
In the global market, U.S. Treasury yields fell sharply on Wednesday after President Donald Trump said Washington was in the final stages of negotiations with Iran, fueling investor optimism that a possible agreement could ease pressure on global energy markets. Furthermore, Crude oil prices have risen following two days of decline amid ongoing concerns over supply chain disruptions caused by the US-Israel war on Iran.
Back home, the yields on new 10 year Government Stock were trading 02 basis points higher at 7.09% from its previous close of 7.07% on Wednesday.
The benchmark five-year interest rates were trading 08 basis points higher at 6.94% from its previous close of 6.86% on Wednesday.