Nuvama Fixed Income Advisory Report : Bond Vector August-01-2025

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Macro and Government Bond Commentary: Yields closed flattish today • The 10Y benchmark (6.33 GS 2035) opened flat at 6.37% as market participants stayed cautious ahead of fresh debt supply through the weekly auction. • The auction cut offs for longer duration came in slightly better than expectations, 6.68% GS 2040 - 6.6985% and 6.90% GS 2065 - 7.0818%.

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