Bond yields traded lower on Tuesday, as the central bank said that it will buy notes in an open market operation tomorrow.
In the global market, US Treasury yields rose on Monday despite stock market volatility stemming from rising borrowing costs and geopolitical risks, while the outlook for US economic growth was tempered by weaker-than-expected data on domestic retail sales. Furthermore, Oil prices rose on signs of falling Iran oil exports ahead of US sanctions against Tehran in November, while geopolitical tensions remain over a missing Saudi journalist.
Back home, the yields on new 10 year Government Stock were trading 3 basis points lower at 7.89% from its previous close of 7.92% on Monday.
The benchmark five-year interest rates were trading 1 basis point lower at 7.88% from its previous close of 7.89% on Monday.