Bond yields edged higher on Tuesday, as the central bank did not announce an open market operation to buy notes, as some traders had expected.
In the global market, U.S. Treasuries were steady on Monday as investors evaluated whether last week’s selloff that sent benchmark yields to almost 7-year highs was overdone, and before demand for U.S. debt will be tested by new supply. Furthermore, Oil prices rose amid worries that Venezuela's crude output could drop further following a disputed presidential election in the country and with potential sanctions on the OPEC-member.
Back home, the yields on new 10 year Government Stock were trading 2 basis points higher at 7.83% from its previous close of 7.81% on Monday.
The benchmark five-year interest rates were trading 3 basis points higher at 7.79% from its previous close of 7.76% on Monday.