Macro and Government Bond Commentary: Yields closed lower • On Thursday, the 10Y benchmark (6.33 GS 2035) opened slightly lower at 6.47% amid lack of firm cues on the domestic front. • The local currency fell to a record-low of 88.47/$ on the back of heavy dollar buying by importers amid uncertainty regarding US-India trade relations. • Over the day, yields surged, making an intraday high of 6.49% with focus on US CPI inflation data to be released post market hours.
