Bond yields traded higher on Tuesday as Commerce and industry ministry data has showed that India’s exports rose by 36.2 per cent to $23.8 billion during the first three weeks of December 2021 (during December 1-21), over the same period of 2020-21 ($17.49 billion). It was up by 27.70 per cent over the same period of 2019-20 ($18.65 billion).
In the global market, short-dated Treasury yields edged higher on Monday in light trading conditions as the Treasury sold new two-year notes to soft demand, the first auction of $169 billion in short- and intermediate-dated notes this week.
Back home, the yields on new 10 year Government Stock were trading 2 basis points higher at 6.48% from its previous close of 6.46% on Monday.
The benchmark five-year interest rates were trading 2 basis points higher at 5.87% from its previous close of 5.85% on Monday.