Bond yields traded lower on Tuesday as the team, led by researchers at the University of East Anglia (UEA) and the University of Cambridge, UK, found that India's sovereign credit rating could be downgraded due to the impact of climate change and the rise in temperature volatility by as early as the 2030.
In the global market, The U.S. 10-year Treasury yield advanced on Monday as investors weighed the state of the economy and awaited key inflation data due later in the week. Furthermore, oil prices settled down on Monday, after six straight weekly gains, as investors braced for weaker demand from China and the United States, the world's two biggest economies.
Back home, the yields on new 10 year Government Stock were trading 1 basis point lower at 7.18% from its previous close of 7.19% on Monday.
The benchmark five-year interest rates were trading 3 basis points lower at 7.14% from its previous close of 7.17% on Monday.