Bond yields traded higher on Monday as India's wholesale price index (WPI) inflation remained in the negative zone in the month of November 2025, but the pace of decline eased compared with the previous month. WPI inflation stood at -0.32% in November 2025, as against -1.21% in October 2025.
In the global market, the yield on the 10-year Treasury note surged on Friday after Chicago Federal Reserve President Austan Goolsbee warned against the central bank further lowering interest rates after making three cuts since September. Furthermore, Oil prices closed lower on Friday as a supply glut and a potential Russia-Ukraine peace deal outweighed worries about any impact from the U.S. seizure of an oil tanker near Venezuela.
Back home, the yields on new 10 year Government Stock were trading 1 basis point higher at 6.60% from its previous close of 6.59% on Friday.
The benchmark five-year interest rates were trading 4 basis points higher at 6.35% from its previous close of 6.31% on Friday.
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