Macro and Government Bond Commentary: Yields close lower with global benchmarks, crude oil prices • The 10Y benchmark (6.79 GS 2034) opened lower at 6.48% tracking a fall in treasury yields overnight along with a fall in crude oil prices. Yields traded with a downward bias through the day. Auction results were largely along expected lines. Moves lower in India yields were also aided by further decline in treasury yields (after China announced 34% tariffs on all goods imported from the US). The 10Y point closed trade at 6.46% vs 6.50% prev
