Bond yields traded flat on Tuesday as the commerce ministry said exports of engineering goods rose 54 per cent to $81.8 billion during April-December 2021-22 as compared to the same period of the previous year. In the corresponding nine-month period of 2020-21, exports stood at $52.9 billion.
In the global market, U.S. Treasury yields on most maturities slid on Monday, as investors grew nervous about a potential conflict between Russia and Ukraine as well as a Federal Reserve that is widely expected this week to flag an interest rate hike in March. Furthermore, oil prices climbed, regaining some of the ground lost in the previous day's sharp losses, on concerns over possible supply disruptions amid rising geopolitical tensions in both Eastern Europe and the Middle East.
Back home, the yields on new 10 year Government Stock were trading flat with its previous close of 6.65% on Monday.
The benchmark five-year interest rates were trading 2 basis points lower at 6.05% from its previous close of 6.07% on Monday.