Bond yields traded flat on Tuesday as a finance ministry report said the government’s total gross debt increased by 2.2 per cent quarter-on-quarter to Rs 159.53 lakh crore in April-June this fiscal.
In the global market, US Treasury yields climbed to a 16-year high on Monday, as a global bond rout resumed following a brief reprieve at the end of last week. Furthermore, Oil prices fell on Monday to a three-week low as a higher-priced Brent contract expired, the U.S. dollar strengthened and traders took profits, concerned about rising crude supplies and pressure on demand from high interest rates.
Back home, the yields on new 10 year Government Stock were trading flat with its previous close of 7.21% on Friday.
The benchmark five-year interest rates were trading 1 basis point higher at 7.24% from its previous close of 7.23% on Friday.
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