Bond yields edged flat on Tuesday amid S&P Global Ratings has raised India's Gross domestic product (GDP) growth forecast for the next financial year (FY25) to 6.8 per cent, but flagged restrictive interest rates as a dampener for economic growth.
In the global market, U.S. Treasury yields rose slightly on Monday as investors awaited fresh economic data slated for this week that could provide hints about the state of the economy. Furthermore oil prices settled higher on Monday as orders from the Russian government to curb oil output, and attacks on energy infrastructure in both Russia and Ukraine offset the United Nation's demand for a ceasefire in Gaza.
Back home, the yields on new 10 year Government Stock were trading flat its previous close of 7.08% on Friday.
The benchmark five-year interest rates were trading flat its previous close of 7.10% on Friday.