Bond yields traded lower on Monday despite Chief Economic Advisor (CEA) V Anantha Nageswaran has exuded confidence that India’s economic growth would be upwards of 6.8 per cent in the current financial year (FY26) driven by consumption boost provided by GST rate cut and income tax relief.
In the global market, U.S. Treasury yields were little changed on Friday as investors continued to face an economic data blackout amid the U.S. government shutdown. Furthermore, Oil prices rose on Friday but remained on track for a second consecutive weekly loss after three days of declines on worries about excess supply and slowing US demand.
Back home, the yields on new 10 year Government Stock were trading 3 basis points lower at 6.49% from its previous close of 6.52% on Friday.
The benchmark five-year interest rates were trading 1 basis points higher at 6.16% from its previous close of 6.15% on Friday.
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