Macro and Government Bond Commentary: Yields closed lower • On Wednesday, the 10Y benchmark (6.33 GS 2035) opened steady at 6.57% as market participants-maintained caution ahead of RBI MPC policy outcome. • The Reserve Bank of India led monetary policy committee kept policy rates unchanged at 5.5% (in line with market expectations) and maintained its ‘neutral’ stance, marking the second consecutive pause after a series of rate cuts.
