Bond yields traded higher on Monday amid India’s inflation based on wholesale price index (WPI) remained in the deflationary zone for the sixth straight month at (-) 0.26% for the month of September 2023 as against (-) 0.52% recorded in August 2023.
In the global market, U.S. Treasury yields declined on Friday as investors digested this week’s economic data and assessed what it could mean for Federal Reserve interest rates. Furthermore, oil prices rose more than 5% on Friday as investors remained on edge about escalating geopolitical tensions in the Middle East.
Back home, the yields on new 10 year Government Stock were trading 1 basis point higher at 7.33% from its previous close of 7.32% on Friday.
The benchmark five-year interest rates were trading 1 basis point higher at 7.34% from its previous close of 7.33% on Friday.
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