Nuvama Fixed Income Advisory Report : Bond Vector July-30-2025

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Macro and Government Bond Commentary: Yields closed higher today • The 10Y benchmark (6.33 GS 2035) opened 1 bp lower at 6.35%. Throughout the day bonds traded with weak sentiment ahead of FOMC meeting outcome due today post market hours and weakness is rupee. The10Y point closed 1 bp up at 6.37% vs 6.36%.

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