Bond yields edged lower on Monday as India Ratings and Research (Ind-Ra) in its latest report said that sustained disruptions in the Red Sea route is likely to raise the freight and forwarding (F&F) cost by 25-30 per cent for corporates largely dealing in international trade.
In the global market, the yield on the 10-year Treasury note was flat on Friday as investors weighed encouraging consumer price index revisions that showed inflation rising at a slower pace than previously reported for December. Furthermore, oil prices settled higher on Friday, up about 6% on a week-on-week basis, as worries about supply from the Middle East mounted and as reining outages tightened refined products markets.
Back home, the yields on new 10 year Government Stock were trading 1 basis point lower at 7.10% from its previous close of 7.11% on Friday.
The benchmark five-year interest rates were trading flat with its previous close of 7.07% on Friday.
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