• On Friday, the 10-year benchmark government bond (6.94% GS 2036) opened steady at 6.75% ahead of weekly IGB auction. Participants also awaited update on India’s inclusion in Bloomberg Global Aggregate Index. • The weekly IGB auction saw slightly weaker cut-offs for the 2029 and 2055 securities, with 6.03% GS 2029 coming at 6.1988%, 6.68% GS 2033 at 6.6203% and 7.24% GS 2055 at 7.3941%. • The 10Y point closed 3 bps up at 6.78% vs 6.75%. • The latest banking system liquidity stayed in surplus of ~$8.6 Bn (~INR 831 Bn). The INR closed at 96.28/$ with DXY hovering around 100.5 levels.
