Bond yields edged lower on Monday, as IMF's October World Economic Outlook report showing that India became world's fifth largest economy in 2019 in terms of nominal GDP, leapfrogging France and the UK.
In the global market, U.S. Treasury yields were down on Friday as mounting concerns about the economic impact of the coronavirus epidemic drove investors into safe-haven assets. Furthermore, Oil prices tumbled as the rapid spread of the coronavirus in several countries outside China left investors fretting about a hit to demand.
Back home, the yields on new 10 year Government Stock were trading 8 basis points lower at 6.34% from its previous close of 6.42% on Thursday.
The benchmark five-year interest rates were trading 6 basis points lower at 5.91% from its previous close of 5.97% on Thursday.