Macro and Government Bond Commentary: Yields continue lower with global benchmarks, strength in INR • The 10Y benchmark (6.79 GS 2034) opened little changed at 6.39% despite a fall in treasury yields overnight (following better than expected weekly auction results). Yields fell quickly in the morning session and traded with a downward bias through the day – also aided by continued strength in the INR. The 10Y point closed trade at 6.37% vs 6.39% prev
