Bond yields traded lower on Tuesday, as traders took some solace with report that the commerce ministry is considering a major export promotion scheme to ensure expeditious refund of central and state taxes and levies to boost shipments in the wake of global challenges at trade front.
Furthermore, Brent crude oil prices consolidated above $70 per barrel as supply cuts led by producer club OPEC and US sanctions on Iran's and Venezuela's fuel exports outweighed concerns about an economic slowdown.
Back home, the yields on new 10 year Government Stock were trading 3 basis points lower at 7.14% from its previous close of 7.17% on Friday.
The benchmark five-year interest rates were trading flat from its previous close of 6.91% on Friday.