Bond yields traded higher on Monday as Commerce and Industry Minister Piyush Goyal has said the country’s exports are growing significantly and would achieve a record $800 billion in 2024-25 fiscal year. He added exports have been growing and have risen significantly in the last four years.
In the global market, U.S. Treasury yields were higher Friday as consumer sentiment toward future inflation worsened and as the January jobs report showed higher-than-expected wage growth that might pressure prices. Furthermore, Oil prices finished with daily gains on Friday after new sanctions were imposed on Iran’s crude exports but prices were down for the week as investors worried about U.S. President Donald Trump’s renewed trade war on China and threats of tariffs on other countries.
Back home, the yields on new 10 year Government Stock were trading 13 basis points higher at 6.82% from its previous close of 6.69% on Friday.
The benchmark five-year interest rates were trading 12 basis points higher at 6.75% from its previous close of 6.63% on Friday.