Bond yields traded flat on Monday as the central bank did not announce any open market purchase of bonds last week.
In the global market, U.S. Treasury prices were little changed on Friday as investors favored riskier assets such as stocks, but bonds still turned in one of their poorest weekly performances in six months on concerns that the Federal Reserve might lift interest rates sooner than expected. Furthermore, Oil prices slipped in Asian trade on Monday, hit by a strong dollar and signs that global crude supply is holding up even as unplanned outages rise to at least a five-year high.
Back home, the yields on new 10 year Government Stock were trading flat from its previous close at 7.47% on Friday.
The benchmark five-year interest rates were trading flat from its previous close at 7.45% on Friday.
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 May 25, 2016 using 'Multiple Price Auction' method.