The yield on the 10-year government bonds in India stood at 6.36%, after moving close to 6.39% in the beginning of the month, as investors dump riskier equity assets and move to safe haven bond assets amid concerns of new Omicron variant. Investors turned cautious as WHO declared Omicron as “risky” and Moderna CEO cited that current vaccines would struggle with the new variant. Meanwhile, earlier in the month, the country’s central bank announced opening of the USD 1.1 trillion sovereign bond market to retail investors through Prime Minister’s “RBI Retail Direct Scheme” while it suspended bond buying under its “Government Securities Acquisition Programme” last month.

Historically, the India Government Bond 10Y reached an all time high of 14.76 in April of 1996. India Government Bond 10Y - data, forecasts, historical chart - was last updated on December of 2021.

The India Government Bond 10Y is expected to trade at 6.37 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 6.48 in 12 months time.

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India Government Bond 10Y

Bonds Yield Day Month Year
India 10Y 6.37 0.017% 0.068% 0.472%
India 52W 4.34 0.040% 0.207% 0.655%
India 2Y 5.09 0.070% 0.275% 1.142%
India 30Y 6.97 0.036% -0.035% 0.372%
India 3M 3.55 0.010% -0.080% 0.540%
India 3Y 5.09 -0.003% 0.145% 0.662%
India 5Y 5.73 0.016% -0.078% 0.662%
India 6M 3.84 0.010% 0.010% 0.510%
India 7Y 6.25 0.010% 0.001% 0.478%


India Government Bond 10Y
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.