Macro and Government Bond Commentary: Yields end the day higher • On Thursday, the 10-year benchmark government bond (6.33% GS 2035) opened steady at 6.51% amid lack of fresh triggers. • Over the day, the 10Y yields hardened to 6.53% on profit-booking as market participants await Friday's weekly IGB auction, which features longer-duration securities, including the 15-year (6.68% GS 2040) and 40- year (6.90% GS 2065) gilts for INR 280 Bn.
