Bond yields traded higher on Tuesday amid traders’ bracing for economic data from India and the U.S. for fresh signals on the rate path.
In the global market, U.S. Treasury yields rose on Monday as oil prices climbed and investors looked ahead to a busy week of economic data, with particular focus on a key inflation reading. Furthermore, Crude oil prices moved higher on Tuesday as the chances of a lasting peace between the United States and Iran shriveled following Iran’s release of six conditions earlier this week and President Trump’s unsurprising reaction to them.
Back home, the yields on new 10 year Government Stock were trading 3 basis points higher at 6.79% from its previous close of 6.76% on Monday.
The benchmark five-year interest rates were 4 basis points higher at 6.39% from its previous close of 6.35% on Monday.