Macro and Government Bond Commentary: Yields lower with global benchmarks, strength in INR; GOI cash balances shoot up after quarterly advance tax payments • The 10Y benchmark (6.79 GS 2034) lower despite steady moves in treasury yields and fell in the morning session – likely aided by continued strength in INR. Yields were ranged for the rest of the day – keeping the 10Y point at 6.62% vs 6.64% prev
