Indian government bonds held steady early Monday as traders stay sidelined ahead of the Reserve Bank of India's policy verdict this week, while softer US Treasury yields temper jitters from a hefty state borrowing programme.
The benchmark 6.94% 2036 bond yield was perched at 7.2127%, as of 10:25 a.m. IST, little changed from Thursday's close. The debt market was shut on Friday for a local holiday.