Bond yields traded higher on Monday as Ministry of Labour & Employment has said that India has witnessed significant employment growth of nearly 36%, adding around 170 million jobs during 2016-17 and 2022-23. With a robust democracy, dynamic economy, and a culture that celebrates unity in diversity, India’s journey toward becoming a global powerhouse continues to inspire the world.
In the global market, U.S. Treasury yields jumped Friday as investors digested a better-than-expected September jobs report. Furthermore, Oil prices rose on Friday and settled with their biggest weekly gains in over a year on the mounting threat of a region-wide war in the Middle East, although gains were limited as U.S. President Joe Biden discouraged Israel from targeting Iranian oil facilities.
Back home, the yields on new 10 year Government Stock were trading 13 basis points higher at 6.95% from its previous close of 6.82% on Friday.
The benchmark five-year interest rates were trading 13 basis points higher at 6.86% from its previous close of 6.73% on Friday.
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