Bond yields traded marginally higher on Thursday even as the Middle East conflict showed no signs of easing.
In the global market, US Treasury yields rise on Wednesday after the United States (US) Treasury Department announces plans to buy back $6 billion of longer-term government debt, three times the size of its usual operation. Furthermore, Oil prices rose on Thursday, as renewed U.S.-Iran military action fueled more concerns over energy supply disruptions in the Middle East.
Back home, the yields on new 10-year Government Stock were trading 1 basis point higher at 6.96% from its previous close of 6.95% on Wednesday.
The benchmark five-year interest rates were trading flat with its previous close of 6.51% on Wednesday.