Bond yields traded lower on Tuesday, as traders remained encouraged with a private report stating that bilateral trade between India and Romania could touch $1 billion in the fiscal 2018-19. The total bilateral trade currently stands at $810 million.
In the global market, US Treasury yields drifted higher on Monday as Wall Street stocks recovered, but trading was mostly rangebound as investors digested the Brexit turmoil and its impact on other assets after Britain's Prime Minister Theresa May postponed a parliamentary vote on her deal to exit the European Union. Furthermore, Oil prices clawed back some of their losses from the previous day as Libya's National Oil Company declared force majeure on exports from the El Sharara oilfield, which was seized at the weekend by a local militia group.
Back home, the yields on new 10 year Government Stock were trading 6 basis points lower at 7.53% from its previous close of 7.59% on Monday.
The benchmark five-year interest rates were trading 5 basis points lower at 7.56% from its previous close of 7.61% on Monday.