Macro and Government Bond Commentary: Yields lower with global benchmarks, strength in INR • The 10Y benchmark (6.79 GS 2034) lower tracking a fall in treasury yields overnight (with commentary from Fed chair Powell perceived to be doveish, with recent spurt in inflation expectations seen transitory). Yields continued lower through the afternoon session with global benchmarks and strength in INR. Some profit booking was seen in late trade, driving the 10Y point to close trade at 6.64% vs 6.67% prev.
