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 as the Commerce and Industry Ministry has said that three-day trade talks between Indian and US officials concluded on April 23, 2026 with both sides agreeing to remain engaged to sustain the momentum.
In the global market, the U.S. 10-year Treasury yield dipped slightly on Friday after the Justice Department dropped its criminal investigation into Federal Reserve Chair Jerome Powell, clearing the way for the Senate to move forward with voting on Kevin Warsh as a potential new head of the central bank.
Back home, the yields on new 10-year Government Stock were trading 2 basis points higher at 6.95% from its previous close of 6.93% on Friday.
The benchmark five-year interest rates were trading 2 basis points higher at 6.68% from its previous close of 6.66% on Friday.
