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Bond yields trade higher on Monday

30 Sep 2024 Evaluate

Bond yields traded higher on Monday as commerce and industry minister Piyush Goyal said that actual investments under the Production Linked Incentive (PLI) schemes were Rs 1.46 lakh crore till August and expected to increase to Rs 2 lakh crore in the coming years.

In the global market, U.S. Treasury yields dipped on Friday after the release of key inflation data that showed the rate of price increases is close to the Federal Reserve’s target. Furthermore, oil prices settled higher on Friday but fell on the week as investors weighed expectations for higher global supply against fresh stimulus from top crude importer China.

Back home, the yields on new 10 year Government Stock were trading 11 basis points higher at 6.86% from its previous close of 6.75% on Friday.

The benchmark five-year interest rates were trading 11 basis points higher at 6.78% from its previous close of 6.67% on Friday.

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