Nuvama Fixed Income Advisory Report : Bond Vector September-19-2025

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Macro and Government Bond Commentary: Yields closed lower • On Friday, the 10Y benchmark (6.33 GS 2035) opened 1 bp higher at 6.52% tracking a rise in UST yields after better-than-expected US weekly jobless claims data. • However, yields plunged on optimism that Indian bonds might get included in Bloomberg’s Global Aggregate Index and may draw inflows after the implementation.

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