Macro and Government Bond Commentary: Yields rise with global benchmarks, liquidity conditions set to improve • The 10Y benchmark (6.79 GS 2034) opened little changed despite a rise in treasury yields overnight (following stronger than expected US S&P global services PMI as well as hawkish commentary from Atlanta Fed president Bostic). Yields started wedging lower in the morning session and were steadily lower until early afternoon. The OMO auction results were along expected lines, and SDL results were said to be aggressive. However, yields rose back in the afternoon tracking global benchmarks. The 10Y point closed trade at 6.64% vs 6.63% prev
