Bond yields edged higher on Monday, on profit booking amid concerns that the U.S. Federal Reserve may hike its policy rate later this week.
In the global market, Yields rose on Friday after data showed U.S. industrial production surged in February and in anticipation of next week's Federal Open Market Committee meeting, at which the U.S. central bank is expected to raise interest rates for the first time this year. Furthermore, Oil prices fell as rising drilling activity in the United States pointed to further increases in output, raising concerns about a return of oversupply.
Back home, the yields on new 10 year Government Stock were trading 1 basis point higher at 7.57% from its previous close of 7.56% on Friday.
The benchmark five-year interest rates were trading 1 basis point higher at 7.35% from its previous close of 7.34% on Friday.