Bond yields traded marginally lower on Monday tracking a decline in their U.S. peers, after jobs data in the world's biggest economy boosted expectations that the Federal Reserve will begin to lower interest rates in September.
In the global market, treasury yields dropped on Friday as the latest U.S. jobs report showed an unexpected rise in the unemployment rate. Furthermore, Oil prices were little changed on Monday as traders monitored the potential impact of Tropical Storm Beryl on oil production in the Gulf of Mexico. Attention also remained focused on signs of robust summer demand.
Back home, the yields on new 10 year Government Stock were trading 1 basis point lower at 6.98% from its previous close of 6.99% on Friday.
The benchmark five-year interest rates were trading flat with its previous close of 6.99% on Friday.