Bond yields traded marginally higher on Monday as traders remained on sidelines ahead of the Reserve Bank of India's policy verdict this week.
In the global market, treasury yields hovered near multidecade highs Friday as investors looked past slower-than-expected job creation in the U.S. amid lingering concerns about the long-term economic outlook. Furthermore, Oil prices fell on Monday as rising crude exports from the Middle East and a planned release of emergency oil stocks by Group of Seven nations eased some immediate supply concerns, although heightened geopolitical tensions limited losses.
Back home, the yields on new 10-year Government Stock were trading 1 basis point higher at 7.21% from its previous close of 7.20% on Thursday.
The benchmark five-year interest rates were trading flat with its previous close of 6.86% on Thursday.
