Bond yields traded lower on Monday even after the United States and Iran paused strikes against each other for a second day, helping ease concerns over a broader conflict and supply disruptions in the Middle East.
In the global market, U.S. Treasury yields slid on Friday as oil prices dropped following a report that Pakistan is exploring a way to restart peace talks between the U.S. and Iran. Furthermore, Oil prices fell after Iran reportedly said it would suspend attacks as long as a U.S. pause in hostilities remains in place, easing concerns over nearly two weeks of escalating conflict.
Back home, the yields on new 10 year Government Stock were trading 6 basis points lower at 6.76% from its previous close of 6.82% on Friday.
The benchmark five-year interest rates were trading 9 basis points lower at 6.39% from its previous close of 6.48% on Friday.