Macro and Government Bond Commentary: Yields steady amid Geopolitical Tensions • The 10Y benchmark (6.79 GS 2034) opened higher at 6.40% with rising geopolitical tensions. However, Yields bettered through out the day following improving risk sentiments. The 10Y point closed trade steady at 6.38%. • As on 20th Jun, liquidity surplus was at INR 2.94trillion, though conditions should start moderating from here on GST outflows.
