Macro and Government Bond Commentary: Yields rise with global benchmarks, system liquidity surplus widens • The 10Y benchmark (6.79 GS 2034) opened mildly higher at 6.26% with a rise in treasury yields overnight (on recovery in risk conditions). Yields were ranged in the morning session but traded with an upward bias early in the afternoon. Late trade saw yields stabilize as participants remain on sidelines ahead of the RBI MPC meeting outcome. The 10Y point closed trade at 6.26%.
