Bond yields edged flat on Monday amid Finance Minister Nirmala Sitharaman said the initiatives of Customs department like Faceless Assessment and Single Window Clearance need to evolve with the overall objective of growth of trade as every partner needs to collaborate to help India's GDP surpass $5 trillion by 2027-28.
In the global market, treasury yields rebounded on Friday and prices fell after data showed U.S. inflation continued to moderate in December even as consumer spending remained strong, suggesting the Federal Reserve may be able to engineer a soft landing for the economy. Furthermore, U.S. crude oil on Friday closed out its best week in more than four months, as positive economic news in the world’s two largest economies raised hopes for more robust crude demand this year.
Back home, the yields on new 10 year Government Stock were trading flat with its previous close of 7.17% on Thursday.
The benchmark five-year interest rates were trading flat with its previous close of 7.04% on Thursday.