Nuvama Fixed Income Advisory Report : Bond Vector April-30-2025

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Macro and Government Bond Commentary: Yields traded weak today • The 10Y benchmark (6.79 GS 2034) opened flattish at 6.33% today. Further, it traded range bound throughout the day and closing the day weaker at 6.36% vs 6.34% prev. • T-bill auction results: 91-day T-bill cut-off came in at 5.90%, 182-day at 5.93%, and 364-day at 5.92%.

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