Bond yields traded lower on Thursday as traders turned cautious following a spike in Brent crude prices and US treasury yields triggered by fresh military strikes by Washington and Tehran.
In the global market, U.S. Treasury yields rose on Wednesday, led higher by soaring oil prices, after President Donald Trump said at the NATO summit in Turkey that he thinks the ceasefire with Iran is over. Furthermore, Oil prices remained higher on Thursday, as investors continued to assess the risk of supply disruptions following renewed U.S.-Iran hostilities and threats to shipping through the Strait of Hormuz.
Back home, the yields on new 10 year Government Stock were trading 02 basis points lower at 6.74% from its previous close of 6.76% on Wednesday.
The benchmark five-year interest rates were trading 02 basis points lower at 6.42% from its previous close of 6.44% on Wednesday.