Macro and Government Bond Commentary: Yields closed higher • On Friday, the 10Y benchmark (6.33 GS 2035) opened 1 bp higher at 6.51% tracking the surge in 10Y UST after an upbeat US economic data. • Meanwhile, traders unwound their positions by booking profits after betterthan-expected IGB cut-off, and ahead of the H2FY26 Borrowing Calendar. • RBI offered 6.68 GS 2040 at 6.8414% for INR 160 Bn and 6.90 GS 2065 at 7.2385% for INR 160 Bn. The 10Y bond yield ended 2 bps up at 6.52% vs 6.50%.
