Bond yields traded higher on Monday despite geopolitical tensions between the United States and Iran flared up again.
In the global market, U.S. Treasury yields were broadly flat on Monday after the ceasefire agreement between the U.S. and Iran came under increasing strain over the weekend, as the two sides traded strikes. Furthermore, Oil prices surged on Monday as renewed military strikes between the US and Iran heightened concerns over possible disruptions to oil supplies from the Middle East.
Back home, the yields on new 10 year Government Stock were trading 03 basis points higher at 6.73% from its previous close of 6.71% on Friday.
The benchmark five-year interest rates were trading 01 basis point higher at 6.40% from its previous close of 6.39% on Friday.