Bond yields trade higher on Tuesday

Bond yields traded higher on Tuesday as investors turned cautious after data showed the country’s exports shrank 13.6 per cent in January - for the 14th month in a row. The yields were highest since the securities were issued early last month.

In the global market, Oil prices climbed on Tuesday on hopes that Russia and the OPEC cartel of major oil producers may clinch a deal to curb crude output at talks in Doha.

Back home, the yields on new 10 year Government Stock were trading 2 basis points higher at 7.77% from its previous close at 7.75% on Monday.

The benchmark five-year interest rates were trading 3 basis points higher at 7.73% from its previous close at 7.70% on Monday.

The Reserve Bank of India has announced the auction of 91-days and 364-days Government of India Treasury Bills for notified amount of Rs 8,000 crore and Rs 6,000 crore respectively. The auction will be conducted on February 17, 2015 using 'Multiple Price Auction' method.