Bond yields traded flat on Tuesday, ahead of the monetary policy decision later this week as well as the government’s fiscal situation.
In the global market, The US Treasury yield curve was steeper on Monday following two reports showing US factory activity and construction spending fell unexpectedly, sounding a cautionary note on the US economy despite a recent string of upbeat data. Furthermore, Oil prices rose for a second day as Saudi Arabia, the de facto OPEC leader and the world's biggest oil exporter, is pushing producers to deepen a supply cut agreement when suppliers meet this week, potentially lowering supply in 2020.
Back home, the yields on new 10 year Government Stock were trading flat at its previous close at 6.48% on Monday.
The benchmark five-year interest rates were trading 1 basis point higher at 6.19% from its previous close of 6.18% on Monday.
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