Bond yields traded lower on Tuesday, as investors remain energized with a report that the economic growth will scale a three-year peak of 7.2% in the current fiscal, against 6.7% a year before, as a recovery in the investment cycle is expected to soften the blow of a slowdown in private consumption.
In the global market, US Treasury prices fell on Monday, extending losses from Friday, as investors evaluated the likelihood of further Federal Reserve rate hikes this year and as the United States and China resumed trade talks. Furthermore, Oil prices were stable, supported by hopes that talks under way in Beijing involving US and Chinese officials could end trade disputes between the world's biggest economies, while OPEC-led supply cuts also tightened markets.
Back home, the yields on new 10 year Government Stock were trading 6 basis points lower at 7.45% from its previous close of 7.51% on Monday.
The benchmark five-year interest rates were trading 5 basis points lower at 7.34% from its previous close of 7.39% on Monday.
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