Bond yields traded higher on Tuesday, after country's exports rose by 50.45 percent to $7.41 billion during August 1-7, on account of healthy growth in the shipments of engineering goods, gems and jewellery as well as petroleum products.
In the global market, U.S. Treasury yields rose on Monday as record-high job openings on top of stronger-than-expected employment gains in July added to the narrative of an improving labour market. Furthermore, oil prices rose, edging up from a three-week low in the previous session, but gains are likely to be limited on worries that rising COVID-19 cases and restrictions in China will dent fuel demand.
Back home, the yields on new 10 year Government Stock were trading 1 basis point higher at 6.23% from its previous close of 6.22% on Monday.
The benchmark five-year interest rates were trading 2 basis points higher at 5.74% from its previous close of 5.72% on Monday.