Benchmark 10-year bond yield trading was up 3 basis points at 8.71 per cent, tracking an uptick in US yields on Tuesday and rise in global crude oil prices on Wednesday. US treasuries yields rose from three-month lows on Tuesday as pressure on stocks and emerging market assets eased, reducing safe-haven demand for US government debt. Brent crude rose above $106 a barrel pulled higher by gains in US benchmark oil after industry data showed a drop in inventories at the WTI contract's delivery point. Traders were however awaiting the US jobs data on Friday for near-term direction. The 10-year paper is seen holding in a 8.60 to 8.80 per cent range until then. Dealers will continue to monitor the movements in the rupee for direction during the day, they said. Rupee was trading off the day's highs at 62.43 per dollar but was still stronger on the day.

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