Bond yields traded lower on Tuesday, as investors remain energized with IMF’s report that India is projected to grow at 7.5% in 2019 and 7.7% in 2020, an impressive over one percentage point ahead of China’s estimated growth of 6.2% in these two years.
Furthermore, Oil prices edged lower as concerns over global economic growth stoked fears over future demand.
Back home, the yields on new 10 year Government Stock were trading 4 basis points lower at 7.53% from its previous close of 7.57% on Monday.
The benchmark five-year interest rates were trading 2 basis points higher at 7.37% from its previous close of 7.35% on Monday.