Bond yields trade lower on Monday
The yields on new 10-year Government Stock were trading 04 basis points lower at 7.08% from its previous close of 7.12% on Thursday
Bond yields traded lower on Monday as India's services sector growth momentum rose at the softest pace in 14 months in March, mirroring the slowdown in new business intakes. The seasonally adjusted HSBC India Services PMI Business Activity Index fell from 58.1 in February to 57.5 in March, amid the weakest rises in new business and activity since January 2025.
In the global market, U.S. 10-year treasury yields went down on Thursday as traders kept an eye on the latest news about the U.S.-Iran war.
Back home, the yields on new 10-year Government Stock were trading 04 basis points lower at 7.08% from its previous close of 7.12% on Thursday.
The benchmark five-year interest rates were trading 1 basis point lower at 6.82% from its previous close of 6.83% on Thursday.
