• On Friday, the 10-year benchmark government bond (6.94% GS 2036) opened 1 bps higher at 6.83%, amid Brent crude trading around $80/bbl mark. It traded range bound throughout the day, closing marginally better at 6.81% vs 6.82%. • The cut offs at SDL auctions were slightly aggressive. Cut off for multiple states were 7.68% for 15Yr, 7.70% for 18Yr, 7.70% for 25yr and 7.70% for 30yr papers • The latest banking system liquidity stayed in surplus of ~$25.6 Bn (~INR 2438 Bn).
