Bond yields traded marginally lower on Thursday as investors remained cautious on the outcome of Iran-Oman talks and whether they will restore flows via the Strait of Hormuz, while reports of attacks on Saudi tankers in the Red Sea and Gulf of Aden renewed supply tensions.
In the global market, U.S. Treasury yields held steady on Wednesday as traders mulled over the outlook for interest rates and weighed a weaker-than-expected jobs reading from payrolls processing firm ADP. Furthermore, Oil prices climbed on Thursday as investors remained cautious on the outcome of Iran-Oman talks and whether they will restore flows via the Strait of Hormuz, while reports of attacks on Saudi tankers in the Red Sea and Gulf of Aden renewed supply tensions.
Back home, the yields on new 10 year Government Stock were trading 1 basis points lower at 6.76% from its previous close of 6.77% on Wednesday.
The benchmark five-year interest rates were trading 1 basis point lower at 6.30% from its previous close of 6.31% on Wednesday.