Nuvama Fixed Income Advisory Report : Bond Vector June-30-2025

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Macro and Government Bond Commentary: Yields mildly higher with global benchmarks • The 10Y benchmark (6.33 GS 2035) opened mildly lower at 6.30% despite a rise in treasury yields overnight (given worse than expected US core CPI inflation). Moves lower in yields did not last, with some selling interest seen through the afternoon – this led the 10Y point to close trade at 6.32% vs 6.31% prev

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