Bond yields traded higher on Monday as Commerce and Industry Minister Piyush Goyal has said that India obtained the most favorable trade agreement with the United States (US) among its competing nations.
In the global market, the 10-year Treasury yield slipped on Friday, though its loss was contained as investors assessed the likely inflation impact resulting from higher crude oil prices tied to the war in the Middle East. Furthermore, U.S. crude oil on Friday posted its biggest weekly gain in futures trading history, as the escalating war in the Middle East has triggered a major disruption to global fuel supplies.
Back home, the yields on new 10-year Government Stock were trading 08 basis points higher at 6.76% from its previous close of 6.68% on Friday.
The benchmark five-year interest rates were trading 05 basis points higher at 6.43% from its previous close of 6.38% on Friday.
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