Bond yields traded higher on Monday as Confederation of Indian Industry (CII) has said that its Business Confidence Index (BCI) climbed to a five-quarter high of 66.5 in Q3 FY26, driven by optimism around demand, profitability, and investment conditions.
In the global market, U.S. Treasury yields rose on Friday as investors monitored the economic outlook and geopolitical concerns. Furthermore, oil prices settled higher on Friday as some investors covered short positions ahead of the three-day Martin Luther King holiday weekend in the U.S. and lingering worries about a possible U.S. military strike against Iran.
Back home, the yields on new 10 year Government Stock were trading 2 basis points higher at 6.69% from its previous close of 6.67% on Friday.
The benchmark five-year interest rates were trading 1 basis point lower at 6.46% from its previous close of 6.47% on Friday.
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