• On Wednesday, the benchmark 10-year government bond (6.48% GS 2035) opened steady at 7.05%. • The benchmark yield eased to an intraday low of 7.02% as buying interest emerged from some market participants at attractive yield levels. • As the day progressed, the gains were pared as Brent crude remained elevated around the $107/bbl mark and the 10-year U.S. Treasury yield stayed firm at 4.46%. • The 10Y IGB (6.48% GS 2035) closed flat at 7.05%. • The latest banking system liquidity stands in surplus of ~INR 2.28 Tn.
