Nuvama Fixed Income Advisory Report : Bond Vector July-28-2025

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Macro and Government Bond Commentary: Yields closed higher today • The 10Y benchmark (6.79 GS 2034) opened flat at 6.40% due to absence of any incremental cues. The 10Y point closed 2 bps higher at 6.42% vs 6.40 as market participants remained hesitant to build new positions.

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