Bond yields traded higher on Monday as Union Commerce and Industry Minister Piyush Goyal has said India’s growth story will take the economy from $3.5 trillion now to $35 trillion in the next 25 years.
In the global market, 10-year Treasury yield fell for a second day Friday, set to finish the week lower even after a big pop triggered by Donald Trump's presidential win. Furthermore, Oil prices fell on Friday on receding fears over the impact of Hurricane Rafael on oil and gas infrastructure in the U.S. Gulf while investors also weighed up fresh Chinese economic stimulus.
Back home, the yields on new 10 year Government Stock were trading 13 basis points higher at 6.90% from its previous close of 6.77% on Friday.
The benchmark five-year interest rates were trading 12 basis points higher at 6.87% from its previous close of 6.75% on Friday.
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