Bond yields traded higher on Wednesday as investors assess mixed signals over the status of U.S.-Iran peace talks and await upcoming RBI rate decision on Friday.
In the global market, US Treasury yields fell on Tuesday as traders continue to monitor the latest developments between Iran and the U.S. Furthermore, Oil prices climbed on Wednesday as hostilities in the Middle East erupted anew with Iran firing missiles at Kuwait and Bahrain, while diplomatic talks between Iran and the United States showed little progress.
Back home, the yields on new 10 year Government Stock were trading 03 basis points higher at 7.04% from its previous close of 7.01% on Tuesday.
The benchmark five-year interest rates were trading 03 basis points higher at 6.84% from its previous close of 6.81% on Tuesday.
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