Bond yields traded lower on Thursday despite signs of progress in indirect negotiations between the U.S. and Iran.
In the global market, U.S. Treasury yields moved higher on Wednesday at the start of July but pulled back from earlier levels following economic data releases and remarks from Federal Reserve Chairman Kevin Warsh. Furthermore, Oil prices fell on Thursday as traders continued to assess easing risks to Middle East crude supplies, with improving supply expectations keeping pressure on the market despite lingering geopolitical uncertainty.
Back home, the yields on new 10 year Government Stock were trading 04 basis points lower at 6.72% from its previous close of 6.76% on Wednesday.
The benchmark five-year interest rates were trading 01 basis point lower at 6.41% from its previous close of 6.42% on Wednesday.