Bond yields traded flat on Tuesday as traders remained on sidelines ahead of Reserve Bank of India’s (RBI) sixth bi-monthly monetary policy review meet beginning today.
In the global market, U.S. short- and medium-dated Treasury yields hit their lowest levels in at least 13 days on Monday on mounting European political uncertainty and a dearth of information on U.S. President Donald Trump's promised pro-growth policies. Furthermore, Oil steadied after falls the previous session, with markets torn between mixed price indicators that have kept crude range-bound for much of the year.
Back home, the yields on new 10 year Government Stock were trading flat at its previous close at 6.41% on Monday.
The benchmark five-year interest rates were trading 1 basis point higher at 6.59% from its previous close of 6.58% on Monday.