Bond yields traded lower on Monday, as Brent crude oil prices fell below $70 per barrel, easing inflation concerns.
In the global market, US Treasury yields fell from 1-1/2-week highs on Friday as government data showed strong jobs growth in April that matched what many traders had expected, while wage gains were muted. Furthermore, Oil prices tumbled by more than 2 percent on Monday after US President Donald Trump on Sunday said he would sharply hike tariffs on Chinese goods this week, risking derailing months of trade talks between the world's two biggest economies.
Back home, the yields on new 10 year Government Stock were trading 2 basis points lower at 7.38% from its previous close of 7.40% on Friday.
The benchmark five-year interest rates were trading 2 basis points lower at 7.29% from its previous close of 7.31% on Friday.