Macro and Government Bond Commentary: Yields closed higher • On Wednesday, the 10Y benchmark (6.33 GS 2035) opened flat at 6.47% as investors awaited the upcoming borrowing calendar and RBI policy outcome due later this month. • T-Bill auction worth INR 210 Bn was fully subscribed and cut offs were, 3M - 5.47%, 6M - 5.58% and 1Y - 5.61%
