• On Thursday, the 10-year benchmark government bond (6.94% GS 2036) opened steady at 6.76%. • The benchmark 10-year yield traded in a range of 6.74%–6.76% through the day, tracking developments in the Middle East and movements in Brent crude oil prices. • Participants also remained hopeful of the inclusion of Indian bonds in Bloomberg's Global Aggregate Index, which supported bond yields. • 10Y point closed 1 bp lower at 6.75% vs 6.76%. • The latest banking system liquidity stayed in surplus of ~INR 742 Bn.
