Nuvama Fixed Income Advisory Report : Bond Vector July-29-2025

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Macro and Government Bond Commentary: Yields closed lower today • The 10Y benchmark (6.33 GS 2035) opened 1 bp up at 6.38% as market participants awaited the fresh cues. Weakness was seen post SDL auction cut offs however there was some retrenchment and incremental buying seen at the end of the day. The10Y point closed 1 bp lower at 6.36% vs 6.37%.

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