Bond yields edged lower on Monday, tracking a sharp fall in global crude oil prices.
In the global market, U.S. Treasury yields fell to their lowest levels in a week on Friday after the U.S. imposed trade sanctions on China, raising fears about trade wars that could weigh on economic growth. Furthermore, Oil prices fell further, pulled down by an expectation that producer club OPEC and its allies will increase supplies.
Back home, the yields on new 10 year Government Stock were trading 4 basis points lower at 7.85% from its previous close of 7.89% on Friday.
The benchmark five-year interest rates were trading 3 basis points lower at 7.88% from its previous close of 7.91% on Friday.