Bond yields traded flat on Tuesday ahead of a fresh supply of state debt and uncertainty before the U.S. presidential elections today.
In the global market U.S. Treasury yields mostly drifted lower on Monday as investors braced for an action-packed week headlined by Tuesday's presidential election. Furthermore, oil prices slipped as worries about soaring COVID-19 cases, rapidly rising Libyan supply and U.S election jitters outweighed growing hopes that major producers would hold back on planned production increases.
Back home, the yields on new 10 year Government Stock were trading flat with its previous close of 5.89% on Monday.
The benchmark five-year interest rates were trading 2 basis points higher at 5.19% from its previous close of 5.17% on Monday.