Bond yields traded flat on Tuesday, as investors remained cautious ahead of the Wholesale Price Index (WPI) data, due tomorrow. However, investors took some support with report that retail inflation cooled down to a 4-month low of 4.44% in the month of February 2018, as compared to 5.07% in January.
In the global market, increased supply did not quell demand for three- and 10-year Treasury notes auctioned Monday, a positive sign for the heavy issuance expected in the year ahead. Furthermore, Oil prices fell, extending falls from the previous day, as the relentless rise in U.S. crude output weighed on markets.
Back home, the yields on new 10 year Government Stock were trading flat at its previous close at 7.63% on Monday.
The benchmark five-year interest rates were trading flat at its previous close at 7.42% on Monday.