Macro and Government Bond Commentary: Yields closed higher today • The 10Y benchmark (6.33 GS 2035) opened flat at 6.33%, as market participants awaited the RBI MPC outcome. • The MPC kept the repo rate unchanged at 5.5% in its August policy meeting and maintained its ‘neutral’ stance of monetary policy with all 6 members voting in favour of the outcome, bonds yields surged 4-5 bps post MPC outcome.
