Bond yields remained steady on Monday amid lack of fresh triggers. Meanwhile, investors remained cautious ahead of the Index of Industrial Production (IIP) and consumer price index (CPI)-based inflation data due on 12 April.
In the global market, U.S. Treasury debt yields rose from six-week lows on Friday, backed by a surge in oil prices and Federal Reserve Chair Janet Yellen's comments on interest-rate hikes, but fell for the second consecutive week with 30-year bond yields falling for the fourth week in a row. Furthermore, Oil prices rose, extending sharp rises from the end of last week following a decline in U.S. inventories and drilling, while outages and hopes that exporters could freeze output boosted international prices.
Back home, the yields on new 10 year Government Stock were trading flat from its previous close at 7.44% on Thursday.
The benchmark five-year interest rates were trading flat from its previous close at 7.48% on Thursday
The Reserve Bank of India has announced the auction of 91-days and 364-days Government of India Treasury Bills for notified amount of Rs 9,000 crore and Rs 6,000 crore respectively. The auction will be conducted on April 12, 2016 using 'Multiple Price Auction' method.