Bond yields traded higher on Tuesday as traders built positions after India and Pakistan agreed on a ceasefire over the weekend.
In the global market, Treasury yields traded relatively flat as investors continue to parse the recent China-U.S. trade deal and await key U.S. inflation data. Furthermore, Oil prices eased on Tuesday from a two-week high, weighed down by concerns about rising supplies and some caution over whether the pause in the US-China trade war indicated a longer-term deal was likely.
Back home, the yields on new 10 year Government Stock were trading 2 basis points higher at 6.39% from its previous close of 6.37% on Friday.
The benchmark five-year interest rates were trading 5 basis points higher at 6.13% from its previous close of 6.08% on Friday.