• On Monday, the 10-year benchmark government bond (6.94% GS 2036) higher at 6.81% amid heightened geopolitical tensions and weaking rupee. • Yields reached 6.83% before reversing after some positive commentary from Iran and US. • The 10Y point closed flat at 6.78% vs 6.78%. • The latest banking system liquidity stayed in surplus of ~$7.3 Bn (~INR 709 Bn). The INR closed at 96.54/$ with DXY hovering around 100.89 levels.
