Macro and Government Bond Commentary: Yields close steady in absence of fresh cues, liquidity deficit widens mildly • The 10Y benchmark (6.79 GS 2034) opened little changed at 6.68% in absence of fresh cues. Yields were ranged through the day in absence of fresh supply – driving the 10Y point to close at 6.68%. • As on 6th Mar, system liquidity deficit was at INR 569bn (this is without adjustments to daily CRR imbalances).
