Bond yields traded lower on Tuesday, as Government kept its borrowing plan for the second half of the fiscal year in line with the annual budget estimate.
In the global market, US Treasury yields ended Monday roughly unchanged as month- and quarter-end flows helped erase the yield curve steepening that happened earlier in the session. Furthermore, Oil prices rebounded in early Asian trade after production at the world’s largest oil producers fell in the third quarter, although demand concerns continued to keep a keep a lid on prices.
Back home, the yields on new 10 year Government Stock were trading 4 basis points lower at 6.66% from its previous close of 6.70% on Monday.
The benchmark five-year interest rates were trading 1 basis point lower at 6.46% from its previous close of 6.47% on Monday.