India 10Y Yield Edges Higher

2026-04-09 07:47 By Erika Ordonez 1 min. read

The yield on India’s 10-year G-Sec edged up to around 6.94%, reversing slightly after hitting a two-week low, as investors reassessed inflation risks following a rebound in crude prices.

Brent crude climbed toward $97 per barrel amid renewed doubts over the US-Iran ceasefire and potential disruptions in the Strait of Hormuz, prompting a reassessment of India’s import cost pressures.

This heightened concerns that long-term borrowing costs could remain elevated.

Anticipation of upcoming government bond supply further weighed on the market, keeping the 10-year yield from declining further.

Meanwhile, while the RBI maintained its policy rate at 5.25% and a neutral stance, this offered limited relief for bond markets.

Following large gains earlier in the week, investors partially unwound aggressive long positions in government securities, temporarily easing upward pressure on yields.



News Stream
India 10Y Yield Edges Higher
The yield on India’s 10-year G-Sec edged up to around 6.94%, reversing slightly after hitting a two-week low, as investors reassessed inflation risks following a rebound in crude prices. Brent crude climbed toward $97 per barrel amid renewed doubts over the US-Iran ceasefire and potential disruptions in the Strait of Hormuz, prompting a reassessment of India’s import cost pressures. This heightened concerns that long-term borrowing costs could remain elevated. Anticipation of upcoming government bond supply further weighed on the market, keeping the 10-year yield from declining further. Meanwhile, while the RBI maintained its policy rate at 5.25% and a neutral stance, this offered limited relief for bond markets. Following large gains earlier in the week, investors partially unwound aggressive long positions in government securities, temporarily easing upward pressure on yields.
2026-04-09
India 10Y Yield Slips to 2-Week Low
The yield on India’s 10-year G-Sec slipped to around 6.9%, extending losses for the third session to reach a two-week low after the Reserve Bank of India kept its benchmark policy repo rate unchanged at 5.25% and maintained a neutral policy stance. The central bank also signaled its readiness to curb excessive volatility in the rupee, reinforcing investor confidence, while projecting economic growth at 6.9% and inflation at 4.6% for the current financial year. Further downward pressure on yields came from easing oil prices and improved global risk sentiment following a two-week ceasefire agreement between President Donald Trump and Iran. The development reduced concerns over supply disruptions linked to the reopening of the Strait of Hormuz, with Brent crude falling more than 13% to below $95 per barrel.
2026-04-08
India 10Y Yield Retreats from Multi-Year Highs
The yield on India’s 10-year G-Sec edged down to around 7%, retreating from multi-year highs on renewed buying interest as concerns over tighter central bank policy softened. Traders stated that improved risk appetite stemmed from expectations that the Reserve Bank of India may opt to hold rates steady, dampening earlier speculation of aggressive tightening to counter inflationary pressures. Early selling pressure, triggered by the unexpected continuation of a 340-billion-rupee government bond auction, later eased as participants reassessed rate prospects. Markets are now focused on the RBI’s policy decision scheduled for April 8. Meanwhile, losses were partially capped as US Treasury yields rose amid fading hopes for a deal with Iran to reopen the Strait of Hormuz before President Donald Trump’s Tuesday-night deadline.
2026-04-06