Bond yields traded lower on Monday, after the central bank announced open market purchase plans for November, while the local currency is also expected to strengthen against the dollar in early trade.
In the global market, US Treasury yields dropped to three-week lows on Friday as stocks sank in volatile trading, boosting demand for safe-haven government debt. Furthermore, Oil prices were stable, supported by a bounce in Asian stocks, but analysts said sentiment remained cautious after a plunge in financial markets last week triggered worries that global growth may be slowing.
Back home, the yields on new 10 year Government Stock were trading 6 basis points lower at 7.82% from its previous close of 7.88% on Friday.
The benchmark five-year interest rates were trading 6 basis points lower at 7.80% from its previous close of 7.86% on Friday.