• On Wednesday, the 10-year benchmark government bond (6.94% GS 2036) opened steady at 6.78%. • Over the day yields hovered in the range of 6.76%-6.78% range through the day, tracking developments in the Middle East, while hopes of inclusion in Bloomberg's Global Aggregate Index supported bond yields. • The RBI offered 91-day T-bill at a cut-off rate of 5.33%, 182-day T-bill at a 5.57% and 364-day T-bill at 5.72%. • The 10Y point closed 1bp lower at 6.78% vs 6.79%. • The latest banking system liquidity stayed in surplus of ~INR 1.48 Tn.
