Macro and Government Bond Commentary: Yields mildly higher, India Q4 FY25 GDP closely watched, liquidity surplus widens ahead of month-end GOI spending • The 10Y benchmark (6.79 GS 2034) opened little changed at 6.25% despite a rise in treasury yields overnight (with better risk conditions). Yields started edging higher noon trade onwards, though this selling halted early in the afternoon. Afternoon trade saw yields ranged despite a fall in treasury yields. The current 10Y benchmark closed trade at 6.25% vs 6.24% prev.
