Bond yields traded higher on Tuesday with a private report indicating that India’s industrial activity rose slightly in January, with the index of industrial production growing by 3.5 percent compared with 3.2 percent in the previous month.
In the global market, U.S. Treasury yields dropped on Monday with investors seeking safety as fears of an economic slowdown grew. Furthermore, oil prices held steady on Monday as concern over the impact of US import tariffs on global economic growth and fuel demand, as well as rising output from OPEC+ producers, cooled investor appetite for riskier assets.
Back home, the yields on new 10 year Government Stock were trading 10 basis points higher at 6.80% from its previous close of 6.70% on Monday.
The benchmark five-year interest rates were trading 10 basis points higher at 6.71% from its previous close of 6.61% on Monday.
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