Bond yields traded flat on Monday, as traders were reacting over US President Donald Trump’s comments on interest rates and on imposing tariffs on all $500 billion Chinese goods.
In the global market, the US yield curve reached its steepest level in more than three weeks on Friday afternoon as President Donald Trump criticized the speed of the Federal Reserve's pace of interest rate hikes. Furthermore, Oil prices were mixed as finance ministers and central bank governors from the G20 warned that risks to global growth have increased with rising trade and geopolitical tensions among other vulnerabilities.
Back home, the yields on new 10 year Government Stock were trading flat at its previous close at 7.79% on Friday.
The benchmark five-year interest rates were trading 2 basis points higher at 7.95% from its previous close of 7.93% on Friday.