Despite the RBI reducing the repo rate from 6.5% to 6.25%, bond yields did not react positively. The 10-year-benchmark moved up by 5 basis points to 6.70% as fund managers believe there were no incremental liquidity measures. Despite the RBI reducing the repo rate from 6.5% to 6.25%, bond yields did not react positively. The 10-year-benchmark moved up by 5 basis points to 6.70% as fund managers believe there were no incremental liquidity measures. Economic Times