Bond yields traded flat on Tuesday as retail inflation rose more than expected, dampening prospects of an early rate reduction by the nation's central bank.
In the global market, U.S. Treasury debt prices fell on Monday, with benchmark yields rising from near two-week lows as hopes for more central bank stimulus overseas stoked demand for stocks and other risky assets, reducing demand for low-yielding government debt. Furthermore, Oil prices edged away from 5-week highs, with traders cashing in on a 16-percent rally since early August that has largely been fuelled by talk of producers taking action to prop up the market.
Back home, the yields on new 10 year Government Stock were trading flat from its previous close at 7.10% on Friday.
The benchmark five-year interest rates were trading flat from its previous close at 7.03% on Friday.