Macro and Government Bond Commentary: Yields fall with crude oil price, strength in the INR • The 10Y benchmark (6.79 GS 2034) opened higher at 6.36% tracking a rise in treasury yields overnight, though this upside in yields did not sustain. This demand was aided by a fall in crude oil prices as well as on strength in INR. Yields were ranged through the rest of the day and traded with a downward bias. The 10Y point closed trade at 6.32%
