Bond yields traded lower on Monday, as the rupee is expected to recover from record-low levels, while the rate-setting Monetary Policy Committee’s latest meeting minutes showed the authority is committed to achieve its inflation target.
In the global market, US Treasury yields were slightly lower on Friday, as risk aversion worsened slightly after the Turkish lira weakened again following warnings of further US tariffs, reigniting worries about an emerging market currency crisis. Furthermore, Oil prices dipped as concerns over slowing economic growth weighed on markets.
Back home, the yields on new 10 year Government Stock were trading 2 basis points lower at 7.84% from its previous close of 7.86% on Thursday.
The benchmark five-year interest rates were trading flat at its previous close at 7.92% on Thursday.