Bond yields were trading marginally lower on Tuesday as some concern came after Christian de Guzman - senior vice president at Moody's Investors Service and primary analyst for India said that India's gross domestic product (GDP) growth is seen declining to 5.6 percent in 2023-24, although it will still be one of the best performing large economies in the G-20.
In the global market, U.S. Treasury yields rose Monday as investors mulled the Federal Reserve's next interest rate decision and considered the outlook for the broader economy. Furthermore, Crude oil prices rose slightly in early Asian trade on Tuesday in a market focused on prospects of demand recovery from top importer China and on the global economic outlook ahead of company earnings.
Back home, the yields on new 10 year Government Stock were trading 1 basis point lower at 7.34% from its previous close of 7.35% on Monday.
The benchmark five-year interest rates were trading flat with its previous close of 7.15% on Monday.