Bond yields traded higher on Tuesday ahead of a fresh supply of state debt today.
In the global market U.S. Treasury yields fell on Monday as rising coronavirus caseloads and new public health restrictions drove investors to buy the safe securities. Furthermore, oil prices fell, adding to losses from the previous session that came as California tightened its pandemic lockdown through Christmas and coronavirus cases continued to surge in the United States and Europe.
Back home, the yields on new 10 year Government Stock were trading 2 basis points higher at 5.94% from its previous close of 5.92% on Monday.
The benchmark five-year interest rates were trading 2 basis points higher at 5.10% from its previous close of 5.08% on Monday.