Bond yields traded higher on Tuesday as IMF said that the Indian financial system has become more resilient and diverse, driven by rapid economic growth and withstood the pandemic well.
In the global market, U.S. Treasury yields were higher on Monday on reports President Donald Trump was backing off an all-out trade war, raising hope the U.S. economy could keep its expansion going. Furthermore, oil prices gained 1% on Monday as U.S. President Donald Trump said he will impose a 25% tariff on countries that buy oil and gas from Venezuela.
Back home, the yields on new 10 year Government Stock were trading 12 basis points higher at 6.74% from its previous close of 6.62% on Monday.
The benchmark five-year interest rates were trading 11 basis points higher at 6.61% from its previous close of 6.50% on Monday.
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