Bond yields traded flat on Monday, amid PHD Chamber of Commerce and Industry’s President Sanjay Aggarwal has said that the economy is going to attain its fastest growth trajectory from the next financial year 2021-22 onwards.
In the global market, U.S. Treasury yields rose on Friday while the market kept a close eye on the latest election developments that showed Democrat Joe Biden on the verge of winning the presidency. Furthermore, oil prices gained, with Brent futures rising above $40 a barrel, after Joe Biden clinched the U.S. presidency and buoyed risk appetite, offsetting worries about impact on fuel demand from the worsening coronavirus pandemic.
Back home, the yields on new 10 year Government Stock were trading flat with its previous close of 5.87% on Thursday.
The benchmark five-year interest rates were trading 3 basis points higher at 5.16% from its previous close of 5.13% on Thursday.