Bond yields traded flat on Tuesday, on fears of fiscal slippages in the previous and this financial year, while traders still await a stimulus package to cushion the coronavirus impact.
In the global market, U.S. Treasury yields ended little changed on Monday, as heavy corporate debt issuance weighed on prices and brought yields off session lows after an early round of safe-haven buying. Furthermore, oil prices climbed in early trade, adding to gains in the previous session, on expectations that fuel demand will begin to pick up as some U.S. states and nations in Europe and Asia start to ease coronavirus lockdown measures.
Back home, the yields on new 10 year Government Stock were trading flat with its previous close of 6.08% on Monday.
The benchmark five-year interest rates were trading 4 basis points lower at 5.64% from its previous close of 5.68% on Monday.