Bond yields edged higher on Tuesday, on account of lower demand from corporates and banks.
In the global market, U.S. Treasury yields rose on Monday as investors awaited minutes on Wednesday from the Fed’s last meeting, with no major economic releases due this week and trading expected to be subdued before the Thanksgiving holiday on Thursday. Furthermore, Oil prices were little changed as expectations of an extended OPEC-led production cut were cancelled out by rising output in the United States.
Back home, the yields on new 10 year Government Stock were trading 2 basis points higher at 6.91% from its previous close of 6.89% on Monday.
The benchmark five-year interest rates were trading 2 basis points higher at 6.81% from its previous close of 6.79% on Monday.