Bond yields traded flat on Monday, as traders remained cautious ahead of retail inflation data, which will provide guidance on the next policy action from the nation’s interest rate-setting panel.
In the global market, US Treasury yields were little changed on Friday, with longer-dated yields hovering at five-week lows, as worries about trade tension between China and the United States simmered down even in the absence of a deal following two-days of negotiations. Furthermore, oil futures were mixed, with US crude edging lower, as investors and traders fretted over global economic growth prospects amid a standoff in Sino-US trade talks.
Back home, the yields on new 10 year Government Stock were trading flat at its previous close of 7.41% on Friday.
The benchmark five-year interest rates were trading 2 basis points higher at 7.27% from its previous close of 7.25% on Friday.