Macro and Government Bond Commentary: Yields closed higher today • The 10Y benchmark (6.79 GS 2034) opened better today at 6.36. However, it traded higher tracking higher than expected cut-off during the auction. The 10Y point closed trade higher at 6.40% • RBI set the cut-off of 7-day VRRR auction at 5.49%. It accepted the offers worth INR 850bn against the notified amount of INR 1tn.
