Bond yields edged higher on Tuesday, as investors remained cautious ahead of a supply of state government papers.
In the global market, U.S. Treasury yields on most maturities edged higher on Monday, for the fourth time in the last five sessions, as a recovery of risk appetite accompanied a rally on Wall Street after the United States sought to ease concerns about a trade conflict with China. Furthermore, oil markets added to strong gains from the previous session on hopes that a trade dispute between the United States and China could be resolved without greater damage to the global economy.
Back home, the yields on new 10 year Government Stock were trading 10 basis points higher at 7.33% from its previous close of 7.23% on Monday.
The benchmark five-year interest rates were trading 11 basis points higher at 7.26% from its previous close of 7.15% on Monday.