Bond yields traded higher on Monday as Reserve Bank of India’s (RBI) in its latest data has indicated that India's net foreign direct investment (FDI) rose to $5.5 billion during the April-July period of the current financial year (FY25) as compared to $3.8 billion in the same period last year.
In the global market U.S. Treasury yields were lower on Friday after lower-than-expected jobless claims seemed to bolster investor sentiment. Furthermore, oil prices settled lower on Friday but recorded a second straight week of gains, garnering support from a U.S. interest rate cut and a dip in U.S. supply.
Back home, the yields on new 10 year Government Stock were trading 11 basis points higher at 6.87% from its previous close of 6.76% on Friday.
The benchmark five-year interest rates were trading 11 basis points higher at 6.79% from its previous close of 6.68% on Friday.