Bond yields traded higher on Monday as Securities and Exchange Board of India (SEBI) showed that investment in the Indian capital markets through participatory notes rose to close to a six-year high at Rs 1.23 lakh crore in July-end, making it the fifth consecutive monthly increase, on the back of stable macroeconomic fundamentals.
In the global market, Treasury yields were mostly higher on Friday as traders weighed the latest U.S. jobs report. Furthermore, oil prices rose on Friday to their highest in over half a year and snapped a two-week losing streak, buoyed by expectations of tightening supplies.
Back home, the yields on new 10 year Government Stock were trading 2 basis points higher at 7.19% from its previous close of 7.17% on Friday.
The benchmark five-year interest rates were trading 2 basis points higher at 7.18% from its previous close of 7.16% on Friday.