Bond yields edged marginally higher on Wednesday as traders await fresh triggers, including a buyback of securities and a fresh supply of debt during the week.
In the global market, U.S. Treasury yields were mostly lower on Tuesday as investors considered the outlook for Federal Reserve monetary policy following the latest economic data and remarks from central bank officials. Furthermore, Oil prices fell in early Asian trading hours on Wednesday after market sources said that data from the American Petroleum Institute showed an increase in US crude and fuel stockpiles, an indicator of weak demand.
Back home, the yields on new 10 year Government Stock were trading 1 basis point higher at 7.13% from its previous close of 7.12% on Tuesday.
The benchmark five-year interest rates were trading 2 basis points higher at 7.15% from its previous close of 7.13% on Tuesday.