Bond yields ended higher after Investment through participatory notes (P-notes) in the domestic capital market rose to Rs 1.02 lakh crore till July-end, making it the highest level in last 40 months. This also marks the fourth consecutive monthly growth.
In the global market, U.S. Treasury yields edged higher on the day but closed lower on the week on Friday as concerns about the spread of COVID-19 variants and rising volatility in the stock market boosted demand for the safe haven debt. Furthermore, oil prices reversed out of a seven-day losing stretch as investors punted on crude at bargain levels, though lingering fears over how a surge in globalCOVID-19 cases might affect fuel demand combined with a firmer U.S. dollar to limit gains.
Back home, the yields on new 10-year Government Stock were ended1 basis point higher at 6.24% from its previous close of 6.23% on Friday.
The benchmark five-year interest rates ended flat with its previous close of 5.69% on Friday.
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