Bond yields traded higher on Monday after government data showed that the country's exports rose by 5.57 per cent to $59.93 billion during April-December this fiscal on account of healthy demand in the American market for domestic goods.
In the global market, U.S. Treasury yields wavered on Friday as investors reacted to President Donald Trump’s latest comments and looked ahead. Furthermore, Oil prices edged up on Friday but remained on track for a weekly decline after U.S. President Donald Trump announced sweeping plans to boost U.S. production and demanded that OPEC move to lower crude prices.
Back home, the yields on new 10 year Government Stock were trading 7 basis points higher at 6.79% from its previous close of 6.72% on Friday.
The benchmark five-year interest rates were trading 8 basis points higher at 6.72% from its previous close of 6.64% on Friday.