Bond yields edged higher on Tuesday, as the overall trade deficit widened to $14880.19 million during the month under review as against $10545.99 million in December 2016, the highest in more than three years. The trade deficit during April- December 2017-18, was $114857.05 million as against $78432.18 million in the same period last year.
Furthermore, brent crude prices were settling in around $70 per barrel, levels last seen before the start of an oil market slump in late 2014.
Back home, the yields on new 10 year Government Stock were trading 12 basis points higher at 7.56% from its previous close of 7.44% on Monday.
The benchmark five-year interest rates were trading 9 basis points higher at 7.34% from its previous close of 7.25% on Monday.