Bond yields traded flat on Monday ahead of U.S. Federal Reserve's rate decision during this week and key meeting between US President Donald Trump and Chinese President Xi Jinping later this week.
In the global market, U.S. 10-year Treasury yield fluttered around 4% on Friday as investors assessed a key September inflation reading that came in cooler than expected. The release of the price report was delayed by the three-week-old federal government shutdown. Furthermore, oil prices fell on Friday as skepticism crept into the market about the Trump administration's commitment to sanctions on Russia's two biggest oil companies over the war in Ukraine.
Back home, the yields on new 10 year Government Stock were trading flat with its previous close of 6.53% on Friday.
The benchmark five-year interest rates were trading 3 basis points higher at 6.16% from its previous close of 6.13% on Friday.