Bond yields traded flat on Monday, as crude oil prices rose amid fresh geopolitical tensions.
In the global market, US Treasury yields edged higher on Friday, rising from the previous session on Wall Street's selloff, as equities recovered globally and investors unwound safe-haven bids. Furthermore, Crude oil futures rose sharply as geopolitical tensions over the disappearance of a prominent Saudi journalist stoked worries about supply, although concerns about the long-term outlook for demand dragged on prices.
Back home, the yields on new 10 year Government Stock were trading flat at its previous close at 7.98% on Friday.
The benchmark five-year interest rates were trading 2 basis points lower at 7.95% from its previous close of 7.97% on Friday.
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