Bond yields edged higher on Tuesday as the central bank included the benchmark paper for this week's debt sale in a surprising move, while traders may also refrain from adding positions ahead of fresh supply of state debt later today.
In the global market, U.S. Treasury prices gained on Monday ahead of a speech by Federal Reserve Chair Janet Yellen on Friday that will be scrutinized by investors for indications of when the U.S. central bank will next raise interest rates. Furthermore, Oil prices fell early as analysts including Goldman Sachs warned that August's price rally had been overdone, and that a proposed oil production freeze at current near record levels would not help rein in an oversupplied market.
Back home, the yields on new 10 year Government Stock were trading 1 basis point higher at 7.16% from its previous close of 7.15% on Monday.
The benchmark five-year interest rates were trading flat from its previous close at 7.07% on Monday.