Macro and Government Bond Commentary: Yields closed higher today • The 10Y benchmark (6.79 GS 2034) opened better today at 6.35. Moreover, it traded range bound through the day. The 10Y point closed trade at 6.36% • RBI set the cut-off of 7-day VRRR auction at 5.49%. It accepted the offers worth INR 2tn against the notified amount of INR 2tn.
