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Bond yields trade higher on Tuesday

21 Feb 2023 Evaluate

Bond yields were trading higher on Tuesday as the International Monetary Fund (IMF) said India and China will contribute more than 50 per cent of the global growth in the upcoming year due to fading supply-chain disruptions and the boom in the service sector.

In the global market, Oil prices rose on Monday, buoyed by optimism over Chinese demand, continued production curbs by major producers and Russia's plans to rein in supply.

Back home, the yields on new 10 year Government Stock were trading 1 basis point higher at 7.38% from its previous close of 7.37% on Monday.

The benchmark five-year interest rates were trading 5 basis points higher at 7.37% from its previous close of 7.32% on Monday.