The curve moved upwards across tenors with some steepness also seen. Globally, the Fed minutes reflected a divided stance among policymakers regarding the prospects of a rate cut. Non-farm payrolls in the US for September came in better than expected. On the domestic front, the trade deficit widened to $41.68 billion which was higher than consensus expectations. Further, there was chatter on positive FPI feedback on IGBs being included in the Bloomberg’s Global Aggregate Index though no formal announcement yet on the same.
