Bond yields edged flat on Tuesday after commerce ministry in its latest data has said that India’s merchandise exports registered marginal growth of 0.97 per cent to $38.45 billion in December 2023 as compared to $38.08 billion in December 2022. Imports declined by 4.85 per cent to $58.25 billion in December 2023 as compared to $61.22 billion in December 2022 due to a dip in crude oil shipments.
In the global market, oil prices weakened slightly on Monday as the Middle East conflict's limited impact on crude output prompted profit taking after oil benchmarks gained 2% last week.
Back home, the yields on new 10 year Government Stock were trading flat with its previous close of 7.14% on Monday.
The benchmark five-year interest rates were trading flat with its previous close of 7.02% on Monday.