Bond yields ended higher as in reversal of a two-month selling trend, foreign portfolio investors (FPIs) in June turned out to be net buyers by investing Rs 13,269 crore in Indian markets.
In the global market, The U.S. dollar took a breather, after recent gains ran into a speed bump when details of last week's U.S. jobs report soothed jitters about the timing of U.S. interest rate hikes. • U.S. Treasury yields were lower on Friday after a strong payroll report left uncertainty about how the Federal Reserve might respond. Furthermore, oil prices fell, with Brent dropping after four days of gains, as investors and traders awaited crucial talks by OPEC+ following disagreement within the group that could lead to major producers pumping up volumes to grab market share.
Back home, the yields on new 10-year Government Stock ended 2 basis points higher at 6.08% from its previous close of 6.06% on Friday.
The benchmark five-year interest rates ended 1 basis point higher at 5.76% from its previous close of 5.75% on Friday.