Bond yields edged higher on Monday, as Reserve Bank of India (RBI) Governor Shaktikanta Das has exuded confidence that the price situation will gradually improve in the second half of the current fiscal, and said that the central bank would continue to take monetary measures to anchor inflation with a view to achieving strong and sustainable growth.
In the global market, Treasury yields rose Friday as traders digested strong numbers in the latest jobs report that is likely to keep the Federal Reserve aggressive against inflation.
Back home, the yields on new 10 year Government Stock were trading 1 basis point higher at 7.42% from its previous close of 7.41% on Friday.
The benchmark five-year interest rates were trading 5 basis points higher at 7.22% from its previous close of 7.17% on Friday.