Macro and Government Bond Commentary: Yields closed lower • The 10-year benchmark government bond (6.33% GS 2035) opened steady at 6.52% on Tuesday, ahead of SDL auction. • The SDL auction amounting INR 94.1 Bn was conducted and RBI offered 9Y SDLs at 7.09% and 17Y SDL at 7.26%. The demand for SDL auction was robust, and the cut-off came better than expected of which the impact was seen in the Gsec segment.
