Bond yields traded flat on Monday after Union Commerce and Industry Minister Piyush Goyal has said that India remains a key destination for overseas investments and is likely to attract $100 billion in foreign direct investments (FDIs) from the four-nation European bloc EFTA.
In the global market, U.S. Treasury yields moved lower on Friday as investors digested this week’s economic data and ongoing tariff-related news. Furthermore, oil prices were little changed on Friday after rising in the previous session as concerns drone attacks on northern Iraqi oil fields will cut supply vied with worries of potential demand declines amid uncertainty in U.S. tariff policy.
Back home, the yields on new 10 year Government Stock were trading flat with its previous close of 6.30% on Friday.
The benchmark five-year interest rates were trading 2 basis points higher at 6.06% from its previous close of 6.04% on Friday.
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