Bond yields traded flat on Monday, as market participants remained cautious ahead of the key consumer price inflation (CPI) data, which will be released later in the day.
In the global market, U.S. Treasury yields slipped on Friday as softer-than-expected inflation data for July further eroded expectations of an interest rate hike by the Federal Reserve at its December monetary policy meeting. Furthermore, Oil prices dipped as a slowdown in Chinese refining activity growth cast doubts over its crude demand outlook, while rising U.S. shale output suggested supplies would likely remain high.
Back home, the yields on new 10 year Government Stock were trading flat at its previous close at 6.51% on Friday.
The benchmark five-year interest rates were trading flat at its previous close at 6.50% on Friday.