Bond yields traded flat on Monday, as investors remained cautious ahead of a supply of state debt later in the day.
In the global market, U.S. Treasury prices gained on Friday as concerns over the French presidential election and weak data in Britain added to risk aversion, hurting stocks and boosting demand for safe haven U.S. debt. Furthermore, oil prices rose, but gains were minimal as investors gauged whether an increase in U.S. drilling and record stockpiles would undermine efforts by producers to cut output and bring the market into balance.
Back home, the yields on new 10 year Government Stock were trading flat at its previous close at 6.85% on Friday.
The benchmark five-year interest rates were trading 1 basis point higher at 6.95% from its previous close of 6.94% on Friday.