Bond yields edged higher on Monday after report stated that foreign investors have infused a net Rs 11,557 crore in Indian equities in December so far despite a market correction and increasing concerns over re-emergence of COVID in China and some other parts of the world.
In the global market, Treasury yields advanced on Friday as investors digested a deluge of economic data ahead of the Christmas holiday long weekend, capping a week fraught with worries over the Fed's restrictive monetary policy and related recession fears. Oil prices rose on Friday following concerns that Russia may cut supplies in retaliation to the price cap.
Back home, the yields on new 10 year Government Stock were trading 1 basis point higher at 7.32% from its previous close of 7.31% on Friday.
The benchmark five-year interest rates were trading 1 basis point higher at 7.23% from its previous close of 7.22% on Friday.
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