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Bond yields trade higher on Monday

02 Feb 2026 Evaluate

Bond yields traded higher on Monday as the seasonally adjusted HSBC India Manufacturing Purchasing Managers’ Index (PMI) surged to 55.4 in January 2026 from 55.0 in December 2025, indicating a stronger improvement in the health of the sector.

In the global market, U.S. Treasury yields head steady on Friday after the latest producer price index came in more than double Wall Street estimates and after President Trump named Kevin Warsh as his pick as the next Federal Reserve chair. 

Back home, the yields on new 10 year Government Stock were trading 8 basis points higher at 6.77% from its previous close of 6.69% on Friday.  

The benchmark five-year interest rates were trading 22 basis points higher at 6.57% from its previous close of 6.35% on Friday.

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