Yields on benchmark 10-year bond continue to trade below 6-per-cent mark

Yields on the benchmark 10-year bond continued to trade below the 6-per-cent mark at the start of a week that will see the RBI undertaking the second tranche of the G-Sec Acquisition Programme (G-SAP 1.0).

The 5.85 per cent 2030 bond on Monday closed at 5.97 per cent over the previous close of 5.98 per cent.

It is for the second consecutive trading session that the paper is trading below the 6-per-cent mark.

The bond markets are eagerly awaiting the Rs 35,000-crore auction that will be conducted on May 20.

Experts feel that the 10 year bond is likely to stay in the 5.97-6.04 band over the course of this week.