Bond yields traded marginally higher on Wednesday despite fears of further supply disruptions intensified after U.S. forces struck Iranian military targets for the ?11th ?straight night.
In the global market, U.S. Treasury yields were higher across the curve on Tuesday as investors mapped escalating tensions across the Middle East and reports of mediation efforts to put a stop to ongoing hostilities. Furthermore, Oil prices inched higher on Wednesday as fears of further supply disruptions intensified after U.S. forces said it began striking Iranian military targets for the 11th straight night and Kuwait reported attacks by Iranian drones.
Back home, the yields on new 10 year Government Stock were trading 1 basis point higher at 6.80% from its previous close of 6.79% on Tuesday.
The benchmark five-year interest rates were trading 3 basis points higher at 6.49% from its previous close of 6.46% on Tuesday.