Bond yields trade marginally lower on Tuesday
The yields on new 10-year Government Stock were trading 1 basis point lower at 7.03% from its previous close of 7.04% on Monday
Bond yields traded marginally lower on Tuesday as surging crude oil prices amid growing uncertainty about the fate of West Asia war dented investors' sentiment.
In the global market, U.S. Treasury yields held steady on Monday after Friday’s nonfarm payrolls report for March came in stronger than expected. Furthermore, Oil prices extended gains on Tuesday as a U.S.-imposed deadline loomed for Iran to open the Strait of Hormuz or be taken out, with U.S. President Donald Trump threatening to order attacks on Iranian bridges and power plants.
Back home, the yields on new 10-year Government Stock were trading 1 basis point lower at 7.03% from its previous close of 7.04% on Monday.
The benchmark five-year interest rates were trading 1 basis point higher at 6.80% from its previous close of 6.79% on Monday.
