Bond yields trade higher on Monday
The yields on new 10-year Government Stock were trading 11 basis points higher at 6.84% from its previous close of 6.73% on Friday
Bond yields traded higher on Monday despite foreign investors have pulled out Rs 88,180 crore (about $9.6 billion) from Indian equities so far in March, weighed down by escalating tensions in West Asia, a weakening rupee and concerns over the impact of elevated crude oil prices on India's growth and corporate earnings.
In the global market, U.S. 10-year treasury yields surged on Friday as investors were worried that the Federal Reserve may not lower interest rates at all this year, as the war in the Middle East threatens to drive inflation higher.
Back home, the yields on new 10-year Government Stock were trading 11 basis points higher at 6.84% from its previous close of 6.73% on Friday.
The benchmark five-year interest rates were trading 13 basis points higher at 6.58% from its previous close of 6.45% on Friday.
