Bond yields traded flat on Tuesday, as investors remained cautious ahead of state debt auctions today, even as a regular supply of notes this week is expected to keep prices under pressure.
In the global market, U.S. Treasury yields slipped on Monday after a stronger-than-expected U.S. non-farm payrolls report the previous session, with no major market drivers ahead of a slew of government bond and corporate supply this week. Furthermore, Oil prices slipped further in Asian trading following a recovery in output at Libya's largest oil field and amid ongoing doubts about OPEC-led production cuts.
Back home, the yields on new 10 year Government Stock were trading flat at its previous close at 6.46% on Monday.
The benchmark five-year interest rates were trading 1 basis point higher at 6.45% from its previous close of 6.44% on Monday.