Bond yields traded higher on Tuesday, as India’s exports grew by 47.19 per cent to $35.17 billion in July on account of healthy growth in the outbound shipments of petroleum, engineering, and gems and jewellery.
In the global market, U.S. Treasury yields fell on Monday as a soft manufacturing report and the spread of the coronavirus Delta variant raised questions about economic growth. Furthermore, oil prices climbed, clawing back some of the previous session's deep losses, even though concerns over coronavirus curbs combined with slowing factory activity in key buyer countries to keep a lid on gains.
Back home, the yields on new 10 year Government Stock were trading 1 basis point higher at 6.20% from its previous close of 6.19% on Monday.
The benchmark five-year interest rates were trading flat with its previous close of 5.73% on Monday.