Bond yields traded higher on Tuesday, as sentiments remained on sidelines with International Monetary Fund (IMF) report stating that global growth has plateaued at 3.7 per cent with its chief economist warning the world that there are clouds on the horizon and growth has proven to be less balanced than hoped.
In the global market, oil prices held little changed, as more evidence emerged that crude exports from Iran are declining in the run-up to the reimposition of U.S. sanctions, while a hurricane moved across the Gulf of Mexico.
Back home, the yields on new 10 year Government Stock were trading 10 basis points higher at 8.07% from its previous close of 7.97% on Monday.
The benchmark five-year interest rates were trading 13 basis points higher at 8.08% from its previous close of 7.95% on Monday.