Bond yields traded marginally higher on Wednesday even as tensions escalated in the Middle East following another round of strikes on energy infrastructure.
In the global market, the 10-year Treasury yield briefly climbed back above 4.8%, with oil prices rising ahead of key inflation data due out later this week. Furthermore, Oil prices jumped on Wednesday as a fresh flare-up in the Middle East crisis stoked supply concerns, putting upward pressure on inflation ahead of key data at the end of the week.
Back home, the yields on new 10-year Government Stock were trading 1 basis point higher at 6.95% from its previous close of 6.94% on Tuesday.
The benchmark five-year interest rates were trading 1 basis point higher at 6.49% from its previous close of 6.48% on Tuesday.
