Bond yields traded flat on Monday as investors remained cautious ahead of government's Budget session, which will start tomorrow with the Economic Survey of India and Annual Budget presentation for financial year 2017-18 by the Finance Minister Arun Jaitley on Wednesday.
In the global market, U.S. Treasury yields fell on Friday after data showed that U.S. gross domestic product rose at a 1.9 percent annual rate, below the 2.2 percent rise expected by economists and the 3.5 percent growth pace logged in the third quarter. Furthermore, oil prices extended declines, dragged down by signs of growing output in the United States that would partly offset production cuts by OPEC and other producers.
Back home, the yields on new 10 year Government Stock were trading flat at its previous close at 6.40% on Friday.
The benchmark five-year interest rates were trading flat at its previous close at 6.54% on Friday.