Bond yields trade lower on Monday
The yields on new 10-year Government Stock were trading 01 basis point lower at 6.71% from its previous close of 6.72% on Friday
Bond yields traded lower on Monday after rating agency ICRA has estimated that India’s gross domestic product (GDP) growth likely to ease to 7.2% in third quarter of current fiscal year (Q3FY26) as compared to 8.2% in Q2FY26.
In the global market, 10-year U.S. Treasury yield ticked higher on Friday after the U.S. Supreme Court knocked down President Donald Trump’s tariffs and as investors monitored the latest economic data. Furthermore, oil prices were stable on Friday, after President Donald Trump said he was considering a limited military strike to pressure Iran over its nuclear program.
Back home, the yields on new 10-year Government Stock were trading 01 basis point lower at 6.71% from its previous close of 6.72% on Friday.
The benchmark five-year interest rates were trading 01 basis point lower at 6.44% from its previous close of 6.45% on Friday.
