Indian bond yields continued to trade lower in late afternoon session on Monday as lack of clarity about the bailout package for the debt laden Greece and decline in global crude oil prices helped sentiment for bonds.
At 4:35 p.m., the 10-year benchmark bond yield was at 8.20 percent, down 7 basis points from previous close. "The Greece crisis and lower oil is helping bonds. Yields can continue to fall if there is no solution to the Greece crisis soon," a senior dealer with a foreign bank said.
Euro zone finance ministers said they expected 12 billion euros in emergency loans to Greece to be paid by mid-July, but the disbursement would depend on the Greek parliament first approving new austerity measures.
