Bond yields traded lower on Monday, as Securities and Exchange Board of India (SEBI) in its latest data has showed that investments through participatory notes (P-notes) in the Indian capital market dropped to Rs 69,821 crore at September-end. This marks the first decline in investment through the route since March.
In the global market, U.S. Treasury yields edged higher on Friday after data showed U.S. retail sales increased more than expected in September and consumer confidence improved in early October. Furthermore, oil prices edged up in early Asian trade ahead of China's economic growth data, which is expected to show recovery in the top oil importer, offsetting concerns of an impact from the virus' resurgence on consumption and rising supply.
Back home, the yields on new 10 year Government Stock were trading 1 basis point lower at 5.92% from its previous close of 5.93% on Friday.
The benchmark five-year interest rates were trading 3 basis points lower at 5.23% from its previous close of 5.26% on Friday.