The yield on the benchmark 10-year bond is expected to move between 6.32% and 6.35%, traders at a private bank said, compared with the previous close of 6.3087%.
The five-year 6.75% 2029 bond ended at 6.0176%.
“There should be a gap-down opening for sure, but looking at how oil has reacted, we may not see a one-way selloff, and there should be some consolidation around key levels,” the trader said.
Oil prices jumped, with the benchmark Brent crude contract jumping above $80 per barrel for the first time in over five months in Asian hours on Monday, as the United States’ weekend move to join Israel in attacking Iran’s nuclear facilities stoked supply worries.
U.S. President Donald Trump said he had “obliterated” Iran’s main nuclear sites, in what is…
