Yields end the day flat • The 10-year benchmark government bond (6.33% GS 2035) opened steady at 6.53% on Wednesday. • Over the day, the sentiments around inclusion of India’s bond market in the Bloomberg Index Services supported the gilts however traders booked profits with focus on tonight’s FOMC Oct policy meeting minutes. • Meanwhile, T-Bill auction worth INR 190 Bn was fully subscribed and cut offs were, 3M – 5.3826%, 6M – 5.5587% and 1Y - 5.5580%. The 10Y point ended flat at 6.53%. • The latest banking system liquidity stands in surplus of ~INR 1751.07 Bn.
