Macro and Government Bond Commentary: Yields ranged despite moves lower in treasury yields • The 10Y benchmark (6.33 GS 2035) opened little changed despite moves lower in treasury yields (after FOMC minutes indicated possibility of rate cut ahead this year). Yields were ranged for the rest of the day in absence of any other incremental triggers. This allowed the 10Y point to close trade at 6.32% vs 6.31% prev.
