Bond yields traded flat on Tuesday, as investors remained cautious after North Korea fired a missile over northern Japan, escalating worries over geopolitical risks in the world.
In the global market, U.S. benchmark Treasury yields fell to two-month lows on Monday after the government saw strong demand for a five-year note auction, and as market participants waited on data that will culminate on Friday with the August employment report. Furthermore, crude prices recovered slightly in Asian trade on Tuesday a day after heavy falls caused by the impact of monster storm Harvey on a key US oil-producing region.
Back home, the yields on new 10 year Government Stock were trading flat at its previous close at 6.57% on Monday.
The benchmark five-year interest rates were trading 1 basis point lower at 6.51% from its previous close of 6.52% on Monday.