Bond yields traded lower on Monday, despite central bank's last week announcement of a slew of measures to aid appetite.
In the global market, yields on Treasury bonds rose modestly on Friday afternoon as market appetite for risk improved after U.S. President Donald Trump, in a reversal from earlier this week, said he would like to see a bigger coronavirus stimulus package than either Democrats or Republicans are offering. Furthermore, oil prices dropped for a second straight session as U.S. producers began\ restoring output after Hurricane Delta weakened, while a strike that had affected production in Norway came to an end.
Back home, the yields on new 10 year Government Stock were trading 3 basis points lower at 5.90% from its previous close of 5.93% on Thursday.
The benchmark five-year interest rates were trading 4 basis points lower at 5.16% from its previous close of 5.20% on Thursday.