Benchmark bond yield falls on easing oil prices

Yields on the new 10-year benchmark bonds ended down on Monday due to easing in Brent crude prices in the international market and the fall in US Treasury yields on Friday, dealers said.

“The sentiments in the market are positive as oil prices have eased, US Treasury yields have fallen, and also we are in the run-up to the policy this week. Basically, multiple factors are playing role in the market,” said Lakshmi Iyer, CIO – fixed income and head – products at Kotak Mahindra Asset Management Company.