Bond yields were trading flat on Tuesday as traders remained on sidelines ahead of the Reserve Bank of India's monetary policy decision due Wednesday.
In the global market, U.S. Treasury yields climbed on Monday as investors assessed the economic outlook and awaited data and Federal Reserve speaker remarks slated for the week. Furthermore, Oil prices rose for a second straight session on Tuesday, driven by optimism about recovering demand in China, and concerns over supply shortages following the shutdown of a major export terminal after an earthquake in Turkey.
Back home, the yields on new 10 year Government Stock were trading flat with its previous close of 7.32% on Monday.
The benchmark five-year interest rates were trading 5 basis points higher at 7.26% from its previous close of 7.21% on Monday.