Macro and Government Bond Commentary: Yields rise with global benchmarks, liquidity surplus above 1% NDTL • The 10Y benchmark (6.79 GS 2034) opened little changed at 6.27% despite a rise in global benchmarks overnight (following a rise in inflation expectations). Yields were ranged through much of the day, though some selling was seen in the afternoon – this led the 10Y point to close trade at 6.29% vs 6.27% prev.
