Bond yields traded flat on Monday, as traders remained cautious with India’s fiscal deficit breaching FY18 target at Nov-end by standing at 112% of Budget Estimates. The country’s fiscal deficit, the difference between government expenditure and revenue, stood at Rs 6.12 lakh crore for the period April-November 2017-18.
In the global market, U.S. Treasury yields traded mostly lower Friday, the last trading day of the year, as investors awaited a batch of data due next week.
Back home, the yields on new 10 year Government Stock were trading flat at its previous close at 7.32% on Friday.
The benchmark five-year interest rates were trading flat at its previous close at 7.15% on Friday.