Bond yields traded higher on Monday despite Reserve Bank of India (RBI) has said that India's external debt increased by 10 per cent to $736.3 billion at the end of March 2025 compared to $668.8 billion in the year-ago period.
In the global market, 10-year Treasury yield inched higher on Friday after the Federal Reserve’s preferred inflation gauge reflected an unexpected uptick. Furthermore, oil prices rose on Friday but posted their steepest weekly decline in three years, as the absence of significant supply disruption from the Iran-Israel conflict saw any risk premium evaporate.
Back home, the yields on new 10 year Government Stock were trading 1 basis point higher at 6.32% from its previous close of 6.31% on Friday.
The benchmark five-year interest rates were trading 1 basis point lower at 6.01% from its previous close of 6.02% on Friday
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