Bond yields traded higher on Tuesday, as investors remained cautious ahead of state debt supply. Besides, an uptick in crude oil prices also weighed on demand.
In the global market, US treasuries yields rose on Monday as investors moved into equities and freed up cash for new Treasuries auctions this week, following a strong US jobs report on Friday and a muted response to the start of US tariffs on Chinese imports. Furthermore, Oil prices rose on escalating concerns about potential supply shortages, with Brent crude leading the way as hundreds of oil workers in Norway are set to strike later in the day after failed wage talks.
Back home, the yields on new 10 year Government Stock were trading 1 basis point higher at 7.90% from its previous close of 7.89% on Monday.
The benchmark five-year interest rates were trading 1 basis point lower at 8.03% from its previous close of 8.04% on Monday.