Bond yields traded higher on Monday amid private report that Indian economy is likely to grow at 6.5-6.8 per cent this fiscal and slightly higher between 6.7-7.3 per cent in FY2026, boosted by domestic consumption.
In the global market, The 10-year Treasury yield rose again on Friday, hovering near a seven-month high. Furthermore, Oil prices settled more than 1% higher on Friday and recorded a weekly gain in low trading volume ahead of year-end, buoyed by a larger-than-expected drawdown from U.S. crude inventories last week.
Back home, the yields on new 10 year Government Stock were trading 11 basis points higher at 6.89% from its previous close of 6.78% on Friday.
The benchmark five-year interest rates were trading 12 basis points higher at 6.86% from its previous close of 6.74% on Friday.