Macro and Government Bond Commentary: Yields close steady, with FOMC meeting outcome largely along expected lines • The 10Y benchmark (6.79 GS 2034) opened little changed at 6.68% tracking global benchmarks (with FOMC meeting outcome largely along expected lines). Yields were ranged for much part of the day, with participants remaining on sidelines ahead of the Union Budget. The 10Y point closed trade at 6.68%. • As on 29th Jan, system liquidity deficit was INR 2.5tn likely (without adjusting for daily CRR imbalances)
