Bond yields edged flat on Tuesday as SBI Research said India's economic growth for the July to September quarter may slow to 5.8 per cent, 30 basis points lower than average estimates, dragged down by weak manufacturing sector and steep corporate margin compression.
In the global market, Treasury yields dipped Monday as traders weighed growing unrest in China over the country’s Covid policies and awaited economic data. Furthermore, Oil prices were briefly negative for the year Monday, a surprising turnaround from projections that crude could be in short supply and selling at much higher prices.
Back home, the yields on new 10 year Government Stock were trading flat with its previous close of 7.27% on Monday.
The benchmark five-year interest rates were trading 1 basis point higher at 7.13% from its previous close of 7.12% on Monday.