Indian bonds are steady as liquidity supports the market, with focus on U.S. yields and tariffs amid rupee decline.

• 10-year bond yield at 6.2933%, near 6.30%-6.32% congestion zone ahead of new issuance.
• 5-6-year bonds offer 80-85 bps spread over rates, attracting investor interest amid stable OIS rates.
• India’s liquidity surplus hits 3.3 trillion rupees, cushioning the bond market amid global tariff tensions.