Bond yields traded higher on Monday, as traders were on sidelines amid lack of major triggers, while traders may eye the rupee’s movement for further direction.
In the global market, the middle of US yield curve fell faster than the short and long ends on Friday as China unveiled retaliatory tariffs on $60 billion of US-made goods and the White House said President Donald Trump's resolve was firm on China trade matters. Furthermore, Oil prices rose after Saudi crude production registered a surprising dip in July and as American shale drilling appeared to plateau.
Back home, the yields on new 10 year Government Stock were trading 1 basis point higher at 7.77% from its previous close of 7.76% on Friday.
The benchmark five-year interest rates were trading flat at its previous close at 7.85% on Friday.