Bond yields were flat on Monday amid the Reserve Bank of India's (RBI) statistical supplement showed that India's foreign exchange reserves retreated from more than eight-month highs to $578.45 billion as of the week ended March 31. That is a decrease of around $380 million from the previous week.
In the global market, treasury yields ticked upward Friday ahead of the release of U.S. non-farm payrolls, while many markets are closed for the Easter holiday and U.S. markets are trading on a half day. Investors will be assessing labor market data to monitor potential reactions from the Fed and the possibility of a recession.
Back home, the yields on new 10 year Government Stock were trading flat with previous close of 7.21% on Thursday.
The benchmark five-year interest rates were trading flat with its previous close of 7.05% on Thursday.