Bond yields traded lower on Tuesday despite signs of easing geopolitical tensions in the Middle East.
In the global market, U.S. Treasury yields fell on Monday as the announcement of a preliminary peace agreement between Washington and Tehran shifted investor expectations for inflation and the outlook for interest rates. Furthermore, Oil prices fell on Tuesday, following Monday’s sharp sell-off, as investors continue to await further details on the U.S.-Iran agreement to bring the Middle East conflict to an end.
Back home, the yields on new 10 year Government Stock were trading 01 basis point lower at 6.86% from its previous close of 6.87% on Monday.
The benchmark five-year interest rates were trading 01 basis point higher at 6.47% from its previous close of 6.46% on Monday.