Bond yields edge flat on Monday
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Bond yields edged flat on Monday amid Finance Ministry has said that the direct tax collection net of refund stands at Rs 8.77 lakh crore in the April-November of the current fiscal (FY23), which is 24.26 per cent higher than the net collection for the corresponding period last year. This represents 61.79 per cent of the full-year Budget Estimates (BE) of direct tax collection for 2022-23 (April-March).
In the global market, treasury yields climbed on Friday after November’s producer price index showed hotter-than-expected inflation. Oil prices ticked higher on Friday but both benchmarks were set for a weekly loss as worries over weak economic outlook in China, Europe and the United States weighed on oil demand.
Back home, the yields on new 10 year Government Stock were trading flat with its previous close of 7.29% on Friday.
The benchmark five-year interest rates were trading 2 basis points lower at 7.16% from its previous close of 7.18% on Friday.
