Macro and Government Bond Commentary: Yields rise with global benchmarks • The 10Y benchmark (6.79 GS 2034) opened little changed but quickly rose in the morning session with a sharp rise in treasury yields overnight (following better than expected US ISM services PMI and positioning ahead of the FOMC meeting outcome). Yields were ranged through much of the day, with the 10Y point closing trade at 6.35% vs 6.32% prev.
