Bond yields lower tracking decline in oil prices, US peers

MUMBAI: Government bond yields edged lower in early trade on Monday as a continued decline in oil prices provided comfort to market participants, while lower US Treasury yields also aided sentiment.

The benchmark 10-year government bond yield was down 4 basis points (bps) at 7.2609% as of 0456 GMT.

Yields opened down mainly due to a fall in oil prices but will move in a narrow range through the session, Shrisha Acharya, a fixed income dealer at Mumbai-based DCB Bank said.