Bond yields traded lower on Thursday amid concerns about global inflation risks after a report showed weaker than expected US private sector job growth.
In the global market, the yield on the 10-year US Treasury note climbed to its highest level since November 2023 on Wednesday as inflation and government debt concerns fueled a broader global bond sell-off. Furthermore, oil prices slipped on Thursday after three consecutive sessions of gains, as President Donald Trump said renewed U.S. attacks on Iran would not last long and signs of recovering crude flows through the Strait of Hormuz eased some supply concerns.
Back home, the yields on new 10 year Government Stock were trading 2 basis points lower at 6.95% from its previous close of 6.97% on Wednesday.
The benchmark five-year interest rates were trading 4 basis points lower at 6.52% from its previous close of 6.56% on Wednesday.