Bond yields traded lower on Tuesday after the central bank announced a special open market operation to address some concerns of excess supply.
In the global market U.S. Treasury yields on the long end of curve edged higher on Monday as investors, hoping for a stimulus-backed economic rebound, piled into stocks after last week's sharp sell-off. Furthermore, oil prices fell as optimism for a straightforward recovery in fuel demand faded and a looming increase in supply weighed on the market, with Libya's state oil company flagging progress on talks to resume exports.
Back home, the yields on new 10 year Government Stock were trading 2 basis points lower at 5.88% from its previous close of 5.90% on Monday.
The benchmark five-year interest rates were trading 2 basis points higher at 5.32% from its previous close of 5.30% on Monday.