Bond yields traded lower on Tuesday, tracking a slump in US Treasury yields as well as crude oil prices amid a worsening trade spat between America and China.
In the global market, US longer-dated Treasury yields on Monday recorded their steepest one-day drop in more than 14 months as investors scooped up low-risk government debt due to a worsening trade spat between China and the United States. Furthermore, Oil prices edged up, but remained under pressure as the escalating US-China trade war stoked concerns over global economic growth and future demand for crude.
Back home, the yields on new 10 year Government Stock were trading 7 basis points lower at 6.31% from its previous close of 6.38% on Monday.
The benchmark five-year interest rates were trading 6 basis points lower at 6.33% from its previous close of 6.39% on Monday.