Bond yields traded flat on Tuesday, as traders remain concerned with a private report which stated that India’s budgets show the government’s been fixing unrealistic revenue targets, and in the process setting itself up for falling short of fiscal deficit goals.
In the global market, US Treasury yields edged higher on Monday as investors awaited data on Wednesday that will show inflation pressures in January, and as investors focused on trade talks between the United States and China. Furthermore, Oil prices rose amid OPEC-led supply cuts and US sanctions against Iran and Venezuela, although surging U.S. production and concerns over economic growth kept markets in check.
Back home, the yields on new 10 year Government Stock were trading flat at its previous close at 7.53% on Monday.
The benchmark five-year interest rates were trading 1 basis point higher at 7.24% from its previous close of 7.23% on Monday.