Bond yields traded flat on Tuesday, tracking a sharp spike in US Treasury yields.
In the global market, US Treasury yields rose to their highest in five weeks on Monday as the Federal Reserve was seen as likely to continue raising interest rates despite criticism from President Donald Trump. Furthermore, oil prices extended losses as attention shifted to the risk of oversupply, with market participants shrugging off escalating tensions between the United States and Iran.
Back home, the yields on new 10 year Government Stock were trading flat at its previous close at 7.81% on Monday.
The benchmark five-year interest rates were trading 1 basis point higher at 7.97% from its previous close of 7.96% on Monday.
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