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Bond yields trade lower on Tuesday

06 Jun 2017 Evaluate

Bond yields trade lower on Tuesday, tracking a fall in crude oil prices and ahead of India's monetary policy decision, due tomorrow.

In the global market, U.S. Treasury debt prices fell on Monday in thin trading, as investors booked profits after gains the previous session on a U.S. employment report that underwhelmed expectations and suggested a more cautious Federal Reserve policy.  Furthermore, oil prices resumed their slide from the previous session, hit by concerns that a political rift between Qatar and several Arab states would undermine an OPEC-led push to tighten the market.

Back home, the yields on new 10 year Government Stock were trading 1 basis point lower at 6.64% from its previous close of 6.65% on Monday.

The benchmark five-year interest rates were trading 1 basis point lower at 6.86% from its previous close of 6.87% on Monday.