The yield on India’s 10-year G-Sec hovered around 6.77%, extending losses for a third consecutive session as lower crude oil prices and declining US Treasury yields boosted demand for sovereign debt. Investor sentiment improved after Brent crude fell 2% to $86.52 per barrel, as hopes for a diplomatic resolution to the US-Iran conflict eased supply concerns. Meanwhile, the US 10-year Treasury yield slipped to 4.63% ahead of the Federal Reserve's policy decision, where rates are expected to remain unchanged despite markets pricing in a high probability of a 25-basis-point hike in September. Traders also monitored the INR 181 billion state bond auction for demand signals, while offshore investors bought INR 4.83 billion of government debt under the Fully Accessible Route. However, further yield declines were capped by profit-taking from state-run banks, which sold INR 33.7 billion of bonds in the previous session.

The yield on India 10Y Bond Yield rose to 6.78% on July 28, 2026, marking a 0.02 percentage points increase from the previous session. Over the past month, the yield has edged up by 0.03 points and is 0.40 points higher than a year ago, according to over-the-counter interbank yield quotes for this government bond maturity. Historically, the India 10-Year Government Bond Yield reached an all time high of 14.76 in April of 1996. India 10-Year Government Bond Yield - data, forecasts, historical chart - was last updated on July 28 of 2026.

The yield on India 10Y Bond Yield rose to 6.78% on July 28, 2026, marking a 0.02 percentage points increase from the previous session. Over the past month, the yield has edged up by 0.03 points and is 0.40 points higher than a year ago, according to over-the-counter interbank yield quotes for this government bond maturity. The India 10-Year Government Bond Yield is expected to trade at 6.79 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 6.65 in 12 months time.



Bonds Yield Day Month Year Date
India 10Y 6.78 -0.002% 0.010% 0.385% Jul/28
India 52W 5.76 -0.017% -0.020% 0.158% Jul/28
India 2Y 5.98 -0.002% 0.032% 0.028% Jul/28
India 30Y 7.42 0.010% 0.096% 0.389% Jul/28
India 3M 5.27 0.010% -0.070% -0.130% Jul/28
India 3Y 6.25 0.001% 0.056% 0.378% Jul/28
India 5Y 6.42 -0.007% -0.014% 0.314% Jul/28
India 6M 5.53 0.006% 0.124% 0.039% Jul/28
India 7Y 6.61 -0.011% -0.026% 0.274% Jul/28



Related Last Previous Unit Reference
India Inflation Rate 4.38 3.93 percent Jun 2026
India Interest Rate 5.25 5.25 percent Jun 2026
India Unemployment Rate 5.50 5.50 percent Jun 2026

India 10-Year Government Bond Yield
Generally, a government bond is issued by a national government and is denominated in the country`s own currency. Bonds issued by national governments in foreign currencies are normally referred to as sovereign bonds. The yield required by investors to loan funds to governments reflects inflation expectations and the likelihood that the debt will be repaid.
Actual Previous Highest Lowest Dates Unit Frequency
6.78 6.77 14.76 4.96 1994 - 2026 percent Daily

News Stream
India 10Y Yield Extends Losses
The yield on India’s 10-year G-Sec hovered around 6.77%, extending losses for a third consecutive session as lower crude oil prices and declining US Treasury yields boosted demand for sovereign debt. Investor sentiment improved after Brent crude fell 2% to $86.52 per barrel, as hopes for a diplomatic resolution to the US-Iran conflict eased supply concerns. Meanwhile, the US 10-year Treasury yield slipped to 4.63% ahead of the Federal Reserve's policy decision, where rates are expected to remain unchanged despite markets pricing in a high probability of a 25-basis-point hike in September. Traders also monitored the INR 181 billion state bond auction for demand signals, while offshore investors bought INR 4.83 billion of government debt under the Fully Accessible Route. However, further yield declines were capped by profit-taking from state-run banks, which sold INR 33.7 billion of bonds in the previous session.
2026-07-27
India 10Y Yield Slips Ahead of Bond Auction
The yield on India’s 10-year G-Sec hovered around 6.82%, edging lower after recent gains as investors cautiously bought bonds ahead of the government’s INR 280 billion debt auction, including a new 15-year security. However, declines were limited as investors remained wary of rising inflation risks after Brent crude surged more than 7% above $100 per barrel for the first time since May following attacks on Saudi oil tankers in the Red Sea. Higher US Treasury yields also weighed on sentiment, with the benchmark 10-year yield climbing to around 4.70%, its highest since January 2025. Investors also assessed fresh US tariffs of 10% to 12.5% on imports from around 60 economies, including a 10% duty on Indian goods, for their impact on global trade and risk sentiment. Meanwhile, flash PMI data signaled slower growth, with manufacturing PMI easing to 53.9, services PMI dropping to 53.1, and the composite PMI falling to 54.3, its lowest since March 2022.
2026-07-24
India 10-Year Yield Holds Near Four-Week High
The yield on India’s 10-year G-Sec rose to around 6.84%, extending gains after reaching four-week highs as escalating tensions in the Middle East drove crude oil prices higher and lifted US Treasury yields, reducing demand for sovereign debt. Brent crude climbed for a fifth consecutive session above $96 per barrel after the US launched a new round of strikes on Iran, marking its 12th consecutive night of attacks, while Yemen's Houthis targeted oil tankers in the Red Sea, raising concerns over further disruptions to global energy supplies. For India, which imports nearly 90% of its crude oil needs, higher energy costs threaten to lift inflation, widen the current account deficit, and pressure the rupee, pushing bond yields higher. Investors also monitored foreign demand for Indian debt, with overseas investors having purchased about $4.5 billion of government bonds over June and July, although analysts warned persistent pressure on the rupee could dampen those inflows.
2026-07-20