Bond yields traded higher on Monday as government data has showed that total Gross Goods and Services Tax (GST) collection rose to a record of Rs 2,42,702 crore in April 2026 as compared to Rs 2,23,265 crore in April 2025, a growth of 8.7%.
In the global market, the U.S. 10-year Treasury yield were little changed Friday after new data showed U.S. factory activity grew in April -but not quite as strongly as the street had expected.
Back home, the yields on new 10-year Government Stock were trading 1 basis point higher at 7.02% from its previous close of 7.01% on Thursday.
The benchmark five-year interest rates were trading 1 basis point lower at 6.73% from its previous close of 6.74% on Thursday.