Bond yields traded marginally lower on Tuesday as investors keep an eye on the latest developments in the Middle East.
In the global market, U.S. Treasury yields pulled back modestly on Monday as fixed-income investors took a breather following a pull-back in crude oil prices, even as bond markets continued to price in a full-fledged Federal Reserve tightening cycle. Furthermore, Oil prices rose on Tuesday following four consecutive sessions of losses, as investors focused on the possibility of fresh U.S.-Iran talks on the sidelines of the United Nations General Assembly this week.
Back home, the yields on new 10-year Government Stock were trading 1 basis point lower at 7.04% from its previous close of 7.05% on Monday.
The benchmark five-year interest rates were trading 1 basis point higher at 6.74% from its previous close of 6.73% on Monday.
