Bond yields traded higher on Thursday amid a fall in Brent crude prices due to easing geopolitical tensions in West Asia aided investor sentiment.
In the global market, Treasury yields rose on Wednesday as U.S. inflation and economic indicators support Fed hawks, while crude falls on hopes of a Hormuz reopening. Furthermore, Oil prices fell on Thursday, extending their decline into a fourth consecutive session as markets held out hopes for improving supplies from the Middle East.
Back home, the yields on new 10 year Government Stock were trading 2 basis points higher at 6.87% from its previous close of 6.85% on Tuesday.
The benchmark five-year interest rates were trading 4 basis points higher at 6.49% from its previous close of 6.45% on Tuesday.