Bond yields ended lower on Monday even after Reserve Bank of India (RBI) in its latest report showed that India's forex reserves have increased by $1.919 billion to $642.019 billion for the week ended October 29 on a healthy increase in the currency assets and value of gold.
In the global market, U.S. Treasury yields tumbled and the curve flattened in choppy trading on Friday amid uncertainty as to how the latest employment data, which showed job growth surged more than expected in October, could affect the timing and size of future Federal Reserve rate hikes. Furthermore, Oil prices rose after Saudi Arabia's state-owned oil producer Aramco raised the official selling price for its crude, suggesting demand remains strong at a time of tighter supplies.
Back home, the yields on new 10-year Government Stock were ended 5 basis points lower at 6.30% from its previous close of 6.35% on Wednesday.
The benchmark five-year interest rates were ended 4 basis points lower at 5.80% from its previous close of 5.84% on Friday.