The G-Sec curve saw a steepening with downward movement seen in frontend of the curve. On the US front, the minutes of the December 9-10 FOMC meeting were in line with the policy. The Initial Jobless claim data this week came lower at 199k vs forecast of 220k. The US 10Y hovered around 4.18 level On the domestic front, systemic liquidity came back in surplus zone with multiple VRRs being carried out through the week to support liquidity conditions. The first leg of the OMOs announced on 23rd Dec was conducted this week for INR 500 Bn with mixed cutoffs seen. The 10YGSec closed the week 5bps weaker at 6.61 levels
