Bond yields traded lower on Tuesday as traders awaited states' 201-billion-rupee ($2.10 billion) debt sale later in the day, which will test appetite.
In the global market, Treasury yields steadied on Tuesday as investors await more data releases for insights into the U.S. economic picture. Furthermore, Oil prices steadied on Tuesday as markets waited to see just how wider U.S. sanctions against Iran will play out, with Tehran vowing retaliation.
Back home, the yields on new 10 year Government Stock were trading 1 basis point lower at 6.86% from its previous close of 6.87% on Monday.
The benchmark five-year interest rates were trading 2 basis points lower at 6.47% from its previous close of 6.49% on Monday.