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Bond yields trade flat on Monday

10 Apr 2023 Evaluate

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.

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