Macro and Government Bond Commentary: Yields mildly lower with strength in INR, liquidity deficit widens on quarterly advance tax outflows • The 10Y benchmark (6.79 GS 2034) opened little changed on Monday despite a rise in treasury yields (with a sharp rise in inflation expectations in the US as per University of Michigan consumer sentiment). Yields fell in the morning session – in sync with strength in the INR and were ranged for the rest of the day. The 10Y point closed trade at 6.69% vs 6.70% prev
