Bond yields traded lower on Tuesday, ahead of a fresh supply of state debt today.
In the global market U.S. Treasury yields came off their highs on Monday as optimism ebbed that U.S. lawmakers will reach a deal to launch new stimulus in the near term, though the yields held higher on the day. Furthermore, oil prices slipped for a fourth straight day on worries about a resurgence of coronavirus cases globally stifling a promising recovery in fuel demand, while growing output from Libya adds to plentiful supply in the market.
Back home, the yields on new 10 year Government Stock were trading 1 basis point lower at 5.93% from its previous close of 5.94% on Monday.
The benchmark five-year interest rates were trading 3 basis points lower at 5.20% from its previous close of 5.23% on Monday.