Macro and Government Bond Commentary: Yields continue lower with strength in INR, upbeat OMO purchase auction; RBI announces another OMO purchase auction of INR 500bn • The 10Y benchmark (6.79 GS 2034) opened little changed at 6.69% in absence of fresh cues, with moves very ranged until noon trade. Yields started falling early in the afternoon following better than expected OMO auction cut-off. In addition, strength in the INR also helped. The 10Y bond closed trade at 6.67% vs 6.69% prev
