Bond yields traded flat on Monday as market participants remained on the sidelines ahead of the key consumer price inflation (CPI) data, which will be released later today.
In the global market, U.S. Treasury yields edged higher on Friday, boosted by solid monthly import price data as investors acted largely on technical data. Furthermore, oil prices dipped on signs that global fuel markets remained bloated despite OPEC-led crude production cuts that have been more successful than most initially expected.
Back home, the yields on new 10 year Government Stock were trading flat at its previous close at 6.80% on Friday.
The benchmark five-year interest rates were trading flat at its previous close at 6.83% on Friday.