Macro and Government Bond Commentary: Yields unfazed by rise in treasury yields, liquidity surplus narrows ahead of GST payments • The 10Y benchmark (6.79 GS 2034) opened slightly lower at 6.28% despite a rise in treasury yields overnight (on lingering fiscal worries in the US). Yields started rising into the early afternoon trade, though this upside reversed in late trade. SDL auction cut-offs were better than expected in the near end of the curve. The 10Y point closed trade at 6.27% vs 6.29%
