Macro and Government Bond Commentary: Yields close mildly higher with weak auction results, liquidity deficit widens after GST outflows • The 10Y benchmark (6.79 GS 2034) opened little changed despite a fall in treasury yields overnight (following an increase in weekly jobless claims). Some selling was seen in the day, with auction results coming weaker than expected. However, any sharp upside in yields was limited, with the 10Y point closing trade at 6.71%.
