Bond yields traded flat on Tuesday amid a private report stating that India's central bank could restart its rate increases if Brent crude oil rises and stays above $110 per barrel, widening the country's current account deficit and hurting the rupee.
In the global market, U.S. Treasury yields marched higher on Monday as investors assessed the outlook for interest rates after Friday’s jobs report and prepared for a week of light economic data. Furthermore, Oil prices rose on Monday after top exporters Saudi Arabia and Russia reaffirmed their commitment to extra voluntary oil supply cuts until the end of the year.
Back home, the yields on new 10 year Government Stock were trading flat with its previous close of 7.30% on Monday.
The benchmark five-year interest rates were trading flat with its previous close of 7.32% on Monday.
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