Bond yields traded lower on Tuesday, despite a monthly survey data showed that the country’s manufacturing sector activity declined to its 15-month low in August, owing to slower increases in sales, output and employment.
In the global market, US Treasury yields edged higher on Friday on hopes the United States and China will take steps to de-escalate their trade war, though trading volumes were muted before a US holiday. Furthermore, Oil prices fell, declining for a second day as more signs emerged of the toll from the US-China trade war, with South Korea revising down second-quarter growth due to lower exports.
Back home, the yields on new 10 year Government Stock were trading 5 basis points lower at 6.51% from its previous close of 6.56% on Friday.
The benchmark five-year interest rates were trading 8 basis points lower at 6.29% from its previous close of 6.37% on Friday.