Macro and Government Bond Commentary: Yields ranged ahead of FOMC meeting outcome • The 10Y benchmark (6.79 GS 2034) opened slightly higher at 6.33% tracking a rise in crude oil prices overnight as well as on account of weakness in the INR. Some demand was seen in the morning session, and yields were ranged for the rest of the day. This allowed the 10Y point to close trade at 6.32%
