Bond yields trade higher on Thursday

Bond yields traded higher on Thursday after the Federal Reserve's April policy meeting which hinted at an interest rate hike in June.

In the global market, U.S. Treasury yields rose to their highest in nearly two months on Wednesday after the minutes of the Federal Reserve's April meeting showed most policymakers said an interest rate rise may be appropriate at its meeting in June. Furthermore, Oil prices fell, pulled down by rising U.S. crude inventories, a stronger dollar and surging output from Iran to Europe and Asia.

Back home, the yields on new 10 year Government Stock were trading 1 basis point higher at 7.48% from its previous close at 7.47% on Wednesday.

The benchmark five-year interest rates were trading flat from its previous close at 7.44% on Wednesday.