Bond yields traded flat on Monday amid India Ratings has revised its projections for economic contraction to 7.8 per cent for current fiscal (FY21) from the earlier expectation of 11.8 per cent due to easing Covid-19 headwinds and better than expected numbers in the second quarter of the current financial year. The rating and research agency expected FY22 growth to be 9.6 per cent, mainly due to the weak base of FY21.
The yields on new 10 year Government Stock were trading flat with its previous close of 5.92% on Thursday.
The benchmark five-year interest rates were trading flat with its previous close of 5.13% on Thursday.