• On Monday, the 10-year benchmark government bond (6.94% GS 2036) opened 4 bps lower at 6.79%, tracking a decline in Brent crude prices to around $90/bbl and easing in the 10Y UST yield to 4.63%. • Sentiment improved after the US and Iran paused hostilities and resumed talks in Oman over the weekend, easing geopolitical tensions in the Middle East. • Meanwhile, RBI Governor Sanjay Malhotra, in an interview, said banks had attracted ~$32 Bn in inflows under the RBI's special measures launched in June, providing further support to market sentiment. • The INR appreciated and closed at 95.91/$, with DXY hovering around 101.2 levels. The 10Y point closed 5 bps lower at 6.78% vs 6.83%. • The latest banking system liquidity stayed in surplus of ~INR 939 Bn.
