Bond yields traded flat on Tuesday, as crude oil prices rebounded overnight, raising inflation concerns.
In the global market, US Treasury yields fell on Monday, as investors favored low-risk government bonds over stocks and other risky assets due to worries about a global slowdown stemming from renewed trade tension between China and the United States. Furthermore, Oil prices were mixed as US sanctions on oil exporters Iran and Venezuela kept markets on edge while concerns that an escalating Sino-US trade dispute could slow the global economy also kept crude somewhat in check.
Back home, the yields on new 10 year Government Stock were trading flat at its previous close at 7.39% on Monday.
The benchmark five-year interest rates were trading 1 basis point lower at 7.29% from its previous close of 7.30% on Monday.