Bond yields traded lower on Monday as traders await more clarity on the evolving US-Iran negotiations.
In the global market, U.S. Treasury yields fell on Friday as investors assessed developments in peace negotiations between the United States and Iran. Furthermore, Oil prices fell sharply in Asian trade on Monday, with Brent breaking below $100 a barrel after U.S. officials flagged some progress towards reopening the Strait of Hormuz.
Back home, the yields on new 10 year Government Stock were trading 05 basis points lower at 7.03% from its previous close of 7.08% on Friday.
The benchmark five-year interest rates were trading 05 basis points lower at 6.88% from its previous close of 6.93% on Friday.