Bond yields edged flat on Monday amid the output of eight core industries posted a growth of 6.7 per cent in February 2024 as compared to 4.1 per cent in January 2024, led by double-digit upticks in coal, natural gas and cement.
In the global market, the 2-year Treasury yield ticked higher Thursday as investors considered the path ahead for interest rates following comments from a Federal Reserve official and prepared for key inflation data. Furthermore, Oil prices jumped more than $1 a barrel on Thursday, closing out the month higher on the prospect of OPEC+ staying the course on production cuts, ongoing attacks on Russia's energy infrastructure and a falling U.S. rig count tightening crude supplies.
Back home, the yields on new 10 year Government Stock were trading flat with its previous close of 7.05% on Thursday.
The benchmark five-year interest rates were trading flat with its previous close of 7.05% on Thursday.