Bond yields traded higher on Monday, after posting their best month in this financial year in November, as crude oil prices jumped sharply.
In the global market, US Treasury futures slipped as trading for the week ahead kicked off late on Sunday with investors back in a risk-taking mood after China and the United States agreed to shelve any new tariffs and reset discussions. Furthermore, Oil prices shot higher after the United States and China agreed a 90-day truce in their trade conflict and ahead of a meeting by producer club OPEC this week that is expected to result in a supply cut.
Back home, the yields on new 10 year Government Stock were trading 1 basis point higher at 7.62% from its previous close of 7.61% on Friday.
The benchmark five-year interest rates were trading 2 basis points higher at 7.53% from its previous close of 7.51% on Friday.