Bond yields remained steady on Tuesday amid lack of fresh triggers as investors remained cautious ahead of the release of the April CPI and March IIP data on Thursday
In the global market, U.S. Treasury yields fell on Monday as investors lowered expectations that the Federal Reserve will raise interest rates in June, after a weaker-than-expected jobs report for April on Friday. Furthermore, Oil prices fell early as Canadian wildfires that have knocked out over 1 million barrels worth of daily crude capacity moved away from production facilities, while brimming inventories and a strong U.S. dollar weighed on markets.
Back home, the yields on new 10 year Government Stock were trading flat from its previous close at 7.42% on Monday.
The benchmark five-year interest rates were trading flat from its previous close at 7.43% on Monday.
The Reserve Bank of India has announced the auction of 91-days and 364-days Government of India Treasury Bills for notified amount of Rs 9,000 crore and Rs 6,000 crore respectively. The auction will be conducted on May 11, 2016 using 'Multiple Price Auction' method.