Bond yields traded higher on Tuesday, amid concerns over escalation of geopolitical conflict between India and Pakistan.
In the global market, US Treasury yields rose on Monday as investors reduced their holdings to make room for a wave of supply and traders rolled back their safe-haven positions after US President Donald Trump postponed an increase in tariffs on China. Furthermore, Oil prices edged higher, finding steady ground after tumbling more than 3 percent in the previous session when US President Donald Trump called on OPEC to ease its efforts to boost the market.
Back home, the yields on new 10 year Government Stock were trading 2 basis points higher at 7.60% from its previous close of 7.58% on Monday.
The benchmark five-year interest rates were trading 1 basis point higher at 7.07% from its previous close of 7.06% on Monday.