Macro and Government Bond Commentary: Yields steady, treasury yields jump following upbeat US BLS nonfarm payrolls; RBI announces 7-day VRRR • The 10Y benchmark (6.33 GS 2035) opened little changed at 6.29% despite moves higher in treasury yields. The day saw yields ranged in absence of fresh triggers, though some buying saw seen in late trade, with chatter of demand from MFs and insurance companies continuing. The 10Y point closed trade at 6.29%.
