Bond yields trade higher on Monday
The yields on new 10-year Government Stock were trading 1 basis point higher at 6.92% from its previous close of 6.91% on Friday
Bond yields traded higher on Monday even after Crisil Ratings’ report stating that the ongoing tensions in West Asia likely to affect India’s remittance inflows, as nearly one-third of these funds come from the diaspora in Gulf Cooperation Council (GCC) countries.
In the global market, the U.S. 10-year Treasury yield rose marginally up on Friday after inflation data showed core prices increased less than expected, despite rising energy costs due to the Iran conflict. Furthermore, Oil prices slipped on Friday as US President Donald Trump continues to pressure Iran to fully reopen the Strait of Hormuz.
Back home, the yields on new 10-year Government Stock were trading 1 basis point higher at 6.92% from its previous close of 6.91% on Friday.
The benchmark five-year interest rates were trading 7 basis points higher at 6.58% from its previous close of 6.51% on Friday.
