Bond yields traded flat on Monday, tracking flat U.S. Treasury yields, ahead of routine debt sales this week.
In the global market, U.S. Treasury yields were little changed as the exit of senior White House adviser Stephen Bannon, known for his economic nationalist views, revived the appetite for stocks and reduced it for lower-yielding bonds. Furthermore, oil markets were stable, holding on to Friday's big gains even though rising U.S. output weighed on hopes the market will tighten with crude inventories down 13 percent since March.
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 1 basis point higher at 6.50% from its previous close of 6.49% on Friday.