Bond yields traded marginally lower on Tuesday as oil prices rebounded on heightened fears of Middle East escalation.
In the global market, U.S. Treasury yields were mixed on Monday as investors gear up for another busy week of economic data and corporate earnings, as well as the midterm elections. Furthermore, Oil prices rose on Tuesday after a report that the United States had struck Iran’s Qeshm Island, raising concerns about an escalation of the eight-month conflict and prolonged disruptions to Middle East oil supplies.
Back home, the yields on new 10-year Government Stock were trading 1 basis point lower at 7.30% from its previous close of 7.31% on Monday.
The benchmark five-year interest rates were trading 1 basis point lower at 7.23% from its previous close of 7.24% on Monday.