Bond yields edged higher on Tuesday, as traders await retail inflation data for January, due tomorrow, for further cues on interest rates.
In the global market, continued demand for safe-haven assets from investors nervous about the economic damage caused by the coronavirus outbreak drove U.S. Treasury yields lower on Monday, inverting one measure of the yield curve. Furthermore, oil prices rose as recent sharp falls have encouraged investors holding short positions to book profits, but the market remains jittery over the Wuhan virus, which has now killed more than 1,000 in China.
Back home, the yields on new 10 year Government Stock were trading 1 basis point higher at 6.45% from its previous close of 6.44% on Monday.
The benchmark five-year interest rates were trading 1 basis point lower at 5.98% from its previous close of 5.99% on Monday.