Bond yields traded flat on Tuesday, as investors remained cautious amid escalating geopolitical tensions in West Asia, elevated crude oil prices and persistent foreign portfolio investor (FPI) selling.
In the global market, U.S. Treasury yields moved higher on Monday as Wall Street monitors the latest developments amid escalating tensions in the Middle East. Furthermore, Oil prices fell slightly on Tuesday as investors assessed escalating U.S.-Iran hostilities and the risk to Middle East energy supplies from Yemen’s Houthi movement’s naval blockade against Saudi Arabia.
Back home, the yields on new 10 year Government Stock were trading flat with its previous close of 6.77% on Monday.
The benchmark five-year interest rates were trading 5 basis points lower at 6.41% from its previous close of 6.46% on Monday.