Bond yields traded marginally higher on Tuesday as investors awaited the outcome of a slew of central bank meetings this week for direction.
In the global market, U.S. Treasury yields were flat on Monday as investors looked ahead to the central bank’s interest rate decision and a flurry of economic data this week. Furthermore, Oil prices inched higher Tuesday, reversing earlier losses driven by renewed diplomatic efforts to end the U.S.-Iran war and hopes of a de-escalation in the wider regional conflict that has seen Tehran-backed Houthis target Saudi Arabia.
Back home, the yields on new 10-year Government Stock were trading 1 basis point higher at 7.49% from its previous close of 7.48% on Monday.
The benchmark five-year interest rates were trading 1 basis point higher at 7.38% from its previous close of 7.37% on Monday.