Bond yields traded flat on Monday after industry body Assocham has demanded from the government a 'concentrated and right kind' of relief package for MSME sector, which was most affected by covid-19 pandemic.
In the global market, Treasury yields slid on Friday as the market shrugged off a report showing U.S. factory activity rose in early May to its highest level in more than a decade and Federal Reserve officials talked about when to discuss tapering bond purchases. Furthermore, oil prices rose as a storm formed in the Gulf of Mexico and Iran said a three-month nuclear monitoring deal had expired, raising doubts about the future of indirect talks that could end U.S. sanctions on Iranian crude exports.
Back home, the yields on new 10 year Government Stock were trading flat with its previous close of 5.97% on Friday.
The benchmark five-year interest rates were trading flat with its previous close of 5.54% on Friday.