Bond yields edged marginally higher on Tuesday as Commerce and Industry minister Piyush Goyal has exuded confidence that during this fiscal, the country's goods and services export numbers will be at the same level; as it was last year despite slowdown and uncertainties in the global trade.
In the global market, The U.S. 10-year Treasury yield rose slightly on Monday as investors looked ahead to key inflation data for insights into the state of the economy. Furthermore, oil prices were little changed on Monday as concern eased that fighting in the Middle East would disrupt supply and Chinese data suggested weak demand, while an increase in U.S. refining limited any selling.
Back home, the yields on new 10 year Government Stock were trading 1 basis point higher at 7.02% from its previous close of 7.01% on Monday.
The benchmark five-year interest rates were trading flat with its previous close of 7.02% on Monday.
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