Macro and Government Bond Commentary: Yields closed higher • On Thursday, the 10Y benchmark (6.33 GS 2035) opened steady at 6.49% on caution ahead of government's Oct-Mar borrowing calendar and upcoming RBI MPC policy. • Market participants now await the IGB auction results on Friday (6.68 GS 2040 being in auction for INR 160 Bn and 6.90 GS 2065 in auction for INR 160 Bn) for further directions.
