Bond yields traded higher on Monday, as rupee touches fresh record-lows against the dollar, while traders remain cautious ahead of today’s local inflation data.
In the global market, the US Treasury debt market rang up its best day in more than two months as investors scooped up low-risk government debt on anxiety about Turkey's financial problems spreading to other emerging economies and lenders exposed to the sector. Furthermore, Oil prices inched up as US sanctions against Iran pointed towards a tighter market, although concerns over slowing economic growth amid global trade tensions kept a lid on gains.
Back home, the yields on new 10 year Government Stock were trading 6 basis points higher at 7.81% from its previous close of 7.75% on Friday.
The benchmark five-year interest rates were trading 5 basis points lower at 7.85% from its previous close of 7.80% on Friday.