Benchmark 10-year bond yield steady at its previous close of 8.84 per cent amid lack of fresh triggers. Yields had dropped earlier, tracking a fall in global crude oil prices on expectations of some ease in tensions between Ukraine and Russia.
Brent crude held steady above $109 a barrel after pulling back in the previous session from a two-month high as fears eased that tensions over Russia's incursion into Ukrainian territory could lead to war.
Traders said inflation and factory data next week will be key for near-term direction. US Treasury debt prices extended losses on Tuesday as Russian President Vladimir Putin said his country would use military force in Ukraine only as a last resort, prompting a reversal in Monday's flight to safe assets.
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