Bond yields traded higher on Monday even as global geopolitical uncertainty, coupled with the continued selling by foreign investors.
In the global market, the 10-year Treasury yield edged lower on Friday as investors weighed mixed economic data and assessed the state of the economy. Furthermore, Oil prices hovered near two-week highs on Monday following 6% gains last week, as geopolitical tensions heightened between western powers and major oil producers Russia and Iran, raising risks of supply disruption.
Back home, the yields on new 10 year Government Stock were trading 9 basis points higher at 6.94% from its previous close of 6.85% on Friday.
The benchmark five-year interest rates were trading 9 basis points higher at 6.90% from its previous close of 6.81% on Friday.
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