Nuvama Fixed Income Advisory Report : Bond Vector August-20-2025

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Macro and Government Bond Commentary: Yields closed lower today • The 10Y benchmark (6.33 GS 2035) opened steady at 6.52% due to absence of any incremental cues. • T-Bill auction worth INR 210 Bn was fully subscribed and cut offs were, 3M - 5.49%, 6M - 5.58% and 1Y - 5.60%

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