Bond yields traded higher on Tuesday after Commerce and Industry Minister Piyush Goyal has said that the country’s irrespective of geopolitical disturbances. The country's merchandise exports during April-February 2022 stood at $374.05 billion, an increase of 45.80 per cent over $256.55 billion in the year-ago period.
In the global market, the benchmark U.S. 10-year Treasury yield rose slightly on Monday after touching its lowest level in two months, as surging oil prices due to the conflict between Russia and Ukraine stoked concerns about inflation pressures and slowing economic growth. Furthermore, oil prices gyrated and Asian shares fell as Ukraine peace talks made little headway and the prospect of a ban on oil imports from Russia triggered investor fears over inflation and slowing economic growth.
Back home, the yields on new 10 year Government Stock were trading 2 basis points higher at 6.90% from its previous close of 6.88% on Monday.
The benchmark five-year interest rates were trading 2 basis points higher at 6.22% from its previous close of 6.20% on Monday.