Bond yields traded flat on Tuesday, as traders remained on sidelines ahead of the Reserve Bank of India's monetary policy announcement on October 7.
In the global market, longer-dated U.S. Treasury yields hit their highest levels in more than two decades on Monday as investors absorbed new economic data and looked ahead to the release of the Federal Reserve’s September meeting notes. Furthermore, Longer-dated U.S. Treasury yields hit their highest levels in more than two decades on Monday as investors absorbed new economic data and looked ahead to the release of the Federal Reserve’s September meeting notes.
Back home, the yields on new 10 year Government Stock were trading flat with its previous close of 7.21% on Monday.
The benchmark five-year interest rates were trading 11 basis points higher at 6.97% from its previous close of 6.86% on Monday.
