Bond yields traded flat on Tuesday, as the central bank will auction the benchmark note this week instead of a new 10-year paper.
In the global market, the margin between U.S. shorter-dated and longer-dated Treasury yields widened on Monday from its slimmest in a decade as traders booked profits on curve-flattening positions tied to the view the Federal Reserve would raise interest rates further. Furthermore, oil markets were little changed, with unplanned outages and voluntary production restraint led by OPEC supporting prices, while soaring output in the United States capped crude.
Back home, the yields on new 10 year Government Stock were trading flat at its previous close at 7.18% on Monday.
The benchmark five-year interest rates were trading 1 basis point lower at 7.00% from its previous close of 7.01% on Monday.