Bond yields traded higher on Tuesday, as crude oil prices continued to rise and as an expected weakness in the local currency may impact investor appetite.
In the global market, US government bond yields were steady on Monday at levels reached on Friday, as investors resisted making big trades ahead of Treasury auctions this week, the release of August consumer price index data and a meeting of the European Central Bank. Furthermore, Oil was steady, supported by looming U.S. sanctions against Iran's petroleum industry.
Back home, the yields on new 10 year Government Stock were trading 1 basis point higher at 8.17% from its previous close of 8.16% on Monday.
The benchmark five-year interest rates were trading 6 basis points higher at 8.24% from its previous close of 8.18% on Monday.