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Bond yields trade flat on Tuesday

12 Mar 2019 Evaluate

Bond yields traded flat on Tuesday, ahead of the Industrial growth data for January and retail inflation data for February due later in the day.

In the global market, US Treasury yields rose on Monday after falling for four straight sessions, as overall risk appetite improved and equity markets stabilized, with investors bracing for this week's slate of corporate supply and government debt auctions. Furthermore, oil prices rose, lifted by healthy demand and output cuts led by producer group the Organization of the Petroleum Exporting Countries (OPEC).

Back home, the yields on new 10 year Government Stock were trading flat at its previous close of 7.51% on Monday. 

The benchmark five-year interest rates were trading 1 basis point higher at 7.03% from its previous close of 7.02% on Monday.