Macro and Government Bond Commentary: Yields closed higher today • The 10Y benchmark (6.33 GS 2035) opened flat at 6.39%, as market participants awaited the outcome of weekly IGB auction for further directions. • The 10Y point closed 2 bps up at 6.41% Vs 6.39%, after the sudden sell off in last 1 hour, triggered by the reports that India is considering a reduction in oil imports from Russia as a part of tariff settlement with the US.
