Bond yields trade flat on Monday
The yields on new 10 year Government Stock were traded flat with its previous close of 6.29% on Friday
Bond yields traded flat on Monday as the Confederation of Indian Industry (CII) President Rajiv Memani has said India needs an average nominal Gross Domestic Procut (GDP) growth rate of 10% annually. Nominal GDP is the total value of goods and services produced in a country, measured using current market prices, without adjusting for inflation, unlike real GDP.
In the global market, oil prices were little changed on Friday as a solid job market bolstered the case for the U.S. Federal Reserve keeping interest rates on hold, with investors also awaiting clarity on President Donald Trump’s plans for tariffs on various countries.
Back home, the yields on new 10 year Government Stock were traded flat with its previous close of 6.29% on Friday.
The benchmark five-year interest rates were trading 02 basis points higher at 6.07% from its previous close of 6.05% on Friday.
