Bond yields were trading lower on Monday after India’s inflation based on wholesale price index (WPI) surged to 14.55% in the month of March as against 13.11% in February.
In global front the benchmark 10-year U.S. Treasury yield jumped on Thursday after a batch of economic data was likely to keep the Federal Reserve on its tightening path while the European Central Bank's plan to unwind stimulus was less aggressive than anticipated. Furthermore, oil prices rose as concerns grew about tighter global supply, with the deepening crisis in Ukraine raising the prospect of heavier sanctions by the West on top exporter Russia.
Back home, the yields on new 10 year Government Stock were trading 4 basis points lower at 7.17% from its previous close of 7.21% on Wednesday.
The benchmark five-year interest rates were trading 5 basis points lower at 6.62% from its previous close of 6.67% on Wednesday.