Bond yields traded higher on Monday, tracking weak rupee and ahead of state debt auction that will add to supply in a holiday truncated week.
In the global market, US Treasury prices fell on Friday, with the 30-year yield hitting a four-year peak, as strong October job and wage growth data reinforced bets on rising inflation and more interest rate hikes by the Federal Reserve. Furthermore, Oil prices fell as the start to US sanctions against Iran's fuel exports was softened by waivers that will allow some countries to still import Iranian crude, at least temporarily.
Back home, the yields on new 10 year Government Stock were trading 2 basis points higher at 7.80% from its previous close of 7.78% on Friday.
The benchmark five-year interest rates were trading flat at its previous close at 7.81% on Friday.
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