Bond yields edged lower on Tuesday, on sustained demand from corporates and banks. However, gains remained capped ahead of release of September-quarter GDP data.
In the global market, Treasury yields slipped on Monday in choppy trading, partly dragged down by a combination of a pullback on Wall Street after hitting record highs earlier, plus reports that North Korea may be preparing for another nuclear missile test. Furthermore, oil prices slipped in early Asian trade amid uncertainty over a possible extension of output cuts by major crude producers and expectations of higher supply as the Keystone pipeline restarts.
Back home, the yields on new 10 year Government Stock were trading 1 basis point lower at 7.05% from its previous close of 7.06% on Monday.
The benchmark five-year interest rates were trading 2 basis points lower at 6.89% from its previous close of 6.91% on Monday.