Bond yields trade lower on Monday, as U.S. Treasury yields continue to stay depressed, keeping emerging-market assets attractive for investors.
In the global market, U.S. Treasury yields edged lower on Friday, with all maturities posting weekly declines, after weaker-than-expected U.S. housing data fueled doubts that the Federal Reserve will be able to raise interest rates again this year. Furthermore, Oil prices fell, weighed down by high supplies despite an OPEC-led initiative to cut production to tighten the market.
Back home, the yields on new 10 year Government Stock were trading 1 basis point lower at 6.48% from its previous close of 6.49% on Friday.
The benchmark five-year interest rates were trading flat at its previous close at 6.71% on Friday.