Bond yields edged higher on Tuesday, as investors remained concerned ahead of state debt supply.
In the global market, the U.S. yield curve reached it flattest level in over a decade on Monday afternoon as the White House said President Trump will nominate economist Richard Clarida as Federal Reserve Vice Chairman. Furthermore, Oil prices rose amid worries there could be a high risk of disruptions to supply, especially in the Middle East.
Back home, the yields on new 10 year Government Stock were trading 1 basis point higher at 7.50% from its previous close of 7.49% on Monday.
The benchmark five-year interest rates were trading 1 basis point higher at 7.41% from its previous close of 7.40% on Monday.
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