Macro and Government Bond Commentary: Yields rise with worse than expected SDL results, upside in treasury yields • The 10Y benchmark (6.33 GS 2035) opened little changed at 6.29% despite a rise in treasury yields overnight and were ranged in the morning session. Yields rose early in the afternoon following worse than expected SDL auction result for the Bihar state loan paper. In addition, moves higher in treasury yields also weighed. The 10Y point closed trade at 6.30% vs 6.29% prev.
