Bond yields traded higher on Monday, as sentiments remained pessimistic on report that India's wholesale inflation grew by 5.77 percent in June, a four-and-half year high, driven by some food items and fuel prices.
In the global market, US Treasury prices moved higher on Friday after the Federal Reserve reinforced views of strong US economic growth in a report to Congress. Furthermore, Oil prices fell as concerns about supply disruptions eased and Libyan ports resumed export activities, while traders eyed potential supply increases by Russia and other oil producers.
Back home, the yields on new 10 year Government Stock were trading 5 basis points higher at 7.84% from its previous close of 7.79% on Friday.
The benchmark five-year interest rates were trading 5 basis points higher at 8.00% from its previous close of 7.95% on Friday.
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