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Bond yields remain flat on Monday

17 Aug 2015 Evaluate

Bond yields remained flat on Monday as investors turned cautious after India's exports contracted for the eighth straight month by 10.3 percent in July to USD 23.13 billion, pushing the trade deficit to USD 12.81 billion

In the global market U.S. Treasuries yields rose on Friday, helped by a third straight monthly gain in U.S. producer prices that brightened odds for a Federal Reserve interest rate hike as soon as September. Furthermore, Oil prices fell to near six-year lows on Monday as Japan's economy contracted and producers in the United States added drilling rigs for a fourth straight week despite a recent rout in prices.

Back home, the yields on new 10 year Government Stock were trading flat from its previous close at 7.74% on Friday.

The benchmark five year yields were trading 1 basis point lower at 7.86% from its previous close of 7.87% on Friday.