Bond yields traded higher on Monday as Reserve Bank India (RBI) in its latest data has showed that bank credit to industry increased at a faster rate of 9.6 percent in November 2025 as against 8.3 percent in the same month of the preceding year.
In the global market, benchmark 10-year Treasury yield rose on Friday, the first trading day of the year, as investors weighed the economic outlook and the prospects for further rate cuts. Furthermore, oil prices settled lower on Friday on the first trading day of 2026 after registering their biggest annual loss since 2020, as investors weighed oversupply concerns against geopolitical risks, including the war in Ukraine and Venezuela exports.
Back home, the yields on new 10 year Government Stock were trading 4 basis points higher at 6.64% from its previous close of 6.60% on Friday.
The benchmark five-year interest rates were trading 5 basis points higher at 6.38% from its previous close of 6.33% on Friday.
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