Bond yields traded lower on Tuesday amid wholesale price inflation remained in the negative territory for the seventh month in a row in October at (-) 0.52 per cent on easing prices of food items.
In the global market, U.S. Treasury yields tumbled Tuesday as the latest inflation figures showed a dramatically slower pace of price increases last month. Furthermore, Oil prices were little changed on Tuesday, paring early gains on signs tensions in the Middle East could be easing and uncertainty about U.S. oil inventories.
Back home, the yields on new 10 year Government Stock were trading 6 basis points lower at 7.22% from its previous close of 7.28% on Monday.
The benchmark five-year interest rates were trading 5 basis points lower at 7.25% from its previous close of 7.30% on Monday.