Bond yields edged marginally higher on Tuesday, as investors remained cautious ahead of a fresh supply of notes and inflation data due later in the day.
In the global market, U.S. Treasury yields rose on Monday after a quiet weekend unmarred by expectations of negative news about North Korea that had pushed risk appetite higher, and a lackluster three-year note auction also pressured bond prices. Furthermore, oil prices edged lower, as traders weighed up the dampening effect on demand of Hurricane Irma versus refinery restarts following Hurricane Harvey that should lead to more crude oil processing.
Back home, the yields on new 10 year Government Stock were trading 1 basis point higher at 6.57% from its previous close of 6.56% on Monday.
The benchmark five-year interest rates were trading 1 basis point higher at 6.53% from its previous close of 6.52% on Monday.