Bond yields traded flat on Monday amid a private report stating that funding in Indian startups fell by 36 per cent in January-June to $3.8 billion, the lowest half-yearly number in the last four years, as investors are taking longer time in due diligence of every aspect of business.
In the global market, the yield on the 2-year Treasury note fell on Friday, a day after hitting a 16-year high, after a slightly weaker-than-expected increase in June payrolls failed to dissuade traders from betting on more rate hikes. Furthermore, oil prices climbed about 3% to a nine-week high on Friday as supply concerns and technical buying outweighed fears that further interest rate hikes could slow economic growth and reduce demand for oil.
Back home, the yields on new 10 year Government Stock were trading flat with its previous close of 7.15% on Friday.
The benchmark five-year interest rates were trading flat with its previous close of 7.13% on Friday.