Bond yields traded flat on Monday as a member of the Monetary Policy Committee (MPC) of the Reserve Bank, Jayanth R Varma expressed hope that in a few quarters from now, capital investment would begin to pick up even in the old economy, and said the next fiscal year is also expected to witness a decent growth.
Furthermore, oil prices eased in quiet trade on Monday as flight cancellations over Christmas revived concerns that the Omicron virus variant could slow down the economy heading into the New Year. Although trading was quiet as many markets on global front were in holiday mode.
Back home, the yields on new 10 year Government Stock were trading flat with its previous close of 6.46% on Friday.
The benchmark five-year interest rates were traded 1 basis points higher at 5.85% from its previous close of 5.84% on Friday.
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