Bond yields edged lower on Monday as pro-European Union Emmanuel Macron won the French presidential election, spurring global risk appetite.
In the global market, the U.S. Treasury yield curve flattened on Friday after jobs growth in April rebounded and the unemployment rate fell to a near 10-year low, reinforcing the view that the Federal Reserve is likely to raise interest rates again in June. Furthermore, oil prices rose on a growing conviction that an OPEC-led production cut initially scheduled to end in June would be extended to cover all of 2017, although a relentless increase in U.S. drilling activity is seen capping gains.
Back home, the yields on new 10 year Government Stock were trading 1 basis point lower at 6.93% from its previous close of 6.94% on Friday.
The benchmark five-year interest rates were trading 1 basis point lower at 7.04% from its previous close of 7.05% on Friday.