Bond yields trade flat on Monday
The yields on new 10-year Government Stock were trading flat with its previous close of 6.90% on Friday
Bond yields traded flat on Monday after Reserve Bank of India's (RBI) latest report stating that India's forex reserves jumped $3.825 billion to $700.946 billion during the week ended April 10.
In the global market, the U.S. 10-year Treasury yield fell on Friday amid tensions in the Middle East eased. Iran said ships could safely pass through the Strait of Hormuz, and Israel and Lebanon agreed to a temporary ceasefire.
Back home, the yields on new 10-year Government Stock were trading flat with its previous close of 6.90% on Friday.
The benchmark five-year interest rates were trading 1 basis point lower at 6.57% from its previous close of 6.58% on Friday.
