Bond yields traded marginally lower on Monday, weighed down by Friday's selloff, with attention firmly on the rupee's performance after falling to a new record low and upcoming economic data.
In the global market, Treasury yields were lower on Friday after New York Federal Reserve President John Williams offered some hope to investors that the Fed may lower its key interest rate at its final meeting of 2025 next month. Furthermore, Oil prices slipped Monday, extending losses from last week, as Russia-Ukraine peace talks edged closer to a solution and the US dollar strengthened.
Back home, the yields on new 10 year Government Stock were trading 1 basis point lower at 6.55% from its previous close of 6.56% on Friday.
The benchmark five-year interest rates were trading 2 basis points higher at 6.22% from its previous close of 6.20% on Friday.
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