Bond yields traded flat on Monday amid lack of fresh triggers. Meanwhile, Wholesale Price Index fell for the 17 straight months came at -0.85% in March, as compared to -0.91% in February and -2.33% during the corresponding month of the previous year, despite some spurt in food articles, mainly pulses.
In the global market, U.S. Treasury yields fell on Friday after disappointing consumer sentiment and industrial output data combined with lower oil and stock prices and a weaker dollar to stoke demand for government debt. Furthermore, Oil prices tumbled 5 percent early on Monday after a meeting by major producers in Qatar fell apart the day before, leaving the world awash with unwanted fuel.
Back home, the yields on new 10 year Government Stock were trading flat from its previous close at 7.43% on Wednesday.
The benchmark five-year interest rates were trading flat from its previous close at 7.45% on Wednesday.
The Reserve Bank of India has announced the auction of 91-days and 182-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 20, 2016 using 'Multiple Price Auction' method.