Nuvama Fixed Income Advisory Report : Bond Vector May-30-2025

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Macro and Government Bond Commentary: Yields close higher following stronger than expected India growth prints • The 10Y benchmark (6.79 GS 2034) opened mildly lower at 6.24% and were ranged through the afternoon as market participants awaited India Q4 growth prints. Yields quickly rose by 3-4 bps across the curve after Q4 GVA and GDP reading came in stronger than expected. The 10Y point closed trade at 6.29% vs 6.25% prev

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