Bond yields traded lower on Monday, as traders took some support with Asian Development Bank’s (ADB) report that the Indian economy would grow at 7.3 per cent in FY19.
In the global market, US Treasury debt prices gained on Friday as stocks weakened in choppy trading, and as bonds were also helped by the weight of new Treasury supply this week being lifted from the market. Furthermore, oil prices edged up supported by ongoing supply cuts from producer club the Organization of the Petroleum Exporting Countries (OPEC) and Russia and by a drop in US drilling activity.
Back home, the yields on new 10 year Government Stock were trading 7 basis points lower at 7.43% from its previous close of 7.50% on Friday.
The benchmark five-year interest rates were trading 2 basis points lower at 7.27% from its previous close of 7.29% on Friday.
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: