Bond yields traded lower on Monday despite India’s Gross GST collection increased 7.5 per cent Y-O-Y to about Rs 1.96 lakh crore in July 2025 on higher domestic revenues and taxes from imports.
In the global market, U.S. Treasury yields tumbled Friday after a far weaker-than-expected July nonfarm payroll report and a new raft of tariffs were implemented by President Donald Trump. Furthermore, oil prices $2 a barrel on Friday because of jitters about a possible increase in production by OPEC and its allies, while a weaker-than-expected U.S. jobs report fed worries about demand.
Back home, the yields on new 10 year Government Stock were trading 4 basis points lower at 6.33% from its previous close of 6.37% on Friday.
The benchmark five-year interest rates were trading 2 basis points lower at 6.08% from its previous close of 6.10% on Friday.
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