Macro and Government Bond Commentary: Yields continue lower following OMO purchase announcement, FOMC meeting outcome closely watched • The 10Y benchmark (6.79 GS 2034) opened mildly lower at 6.66% following an announcement of OMO purchase auction of INR 500bn (to be held on 25th March). Yields were largely ranged through much of the day, with the 10Y point closing trade at 6.66% on Wednesday vs 6.67% previous.
