Bond yields edged lower on Tuesday tracking a sharp rise in U.S. Treasury prices. However, the gains remained capped ahead of a heavy state debt supply later in the day.
In the global market, U.S. Treasury yields slipped with benchmark yields posting their biggest one-day drop in more than two weeks as investor jitters over President Donald Trump's tough stance on trade spurred safe-haven demand for bonds. Furthermore, oil climbed as a weaker U.S. dollar and production cuts announced by OPEC and other producers buoyed the market, but an increase in drilling activity in the United States is likely to keep a lid on prices.
Back home, the yields on new 10 year Government Stock were trading 1 basis point lower at 6.44% from its previous close of 6.45% on Monday.
The benchmark five-year interest rates were trading flat at its previous close at 6.58% on Monday.