New Delhi, Nov. 10 -- Domestic government bond yields are expected to remain softer in the near term, with the 10-year benchmark yield likely to trade between 7.10 per cent and 7.25 per cent, as lower crude oil prices, improved global sentiment and renewed foreign investment inflows support the debt market, according to a report by ICICI Bank.

The report said domestic bond yields declined across maturities during the week ended November 6, with longer-tenor bonds witnessing a sharper fall than shorter-term securities. The easing followed a decline in global oil prices and improved risk sentiment after Democrats secured majorities in both chambers of the US Congress.

Foreign portfolio investment inflows of around USD 2.5 billion during t...