• On Thursday, the benchmark 10Y bond (6.94% GS 2036) opened better at 7.36%, amid decline in overnight US Treasury yields provided some relief to Indian government securities. The IGB ended the day at 7.39%. • The 10Y UST opened at 5.148%, further easing during the day to 5.08%, as a global tech stock selloff drove investors to buy safe-haven bonds. • Brent declined during the day to a low of $103/bbl as the US administration might allow more tankers to ship oil, which would increase global supply and lower costs. • India’s merchandise trade deficit was $30.2 billion in September 2026, narrowing slightly from $32.2 billion a year earlier, as exports rose 22% to a record September high of $44.4 billion and imports rose 8.9% to $74.6 billion. • The Government of India has announced the sale (re-issue) of 6.94 GS 2036 for ?34,000 crore, to be held on October 16, 2026. Banking system liquidity remained in surplus at around ?2.57 trillion, while RBI conducted a 1-day VRRR of ?0.5 trillion, of which ?0.095 trillion was subscribed at 5.49%.
