Independent Fixed-Income Research

Mumbai, Tuesday, September 22, 2026

RetailBonds.in is an independent Screener.in-style research platform for Indian bonds — G-Secs, SDLs, corporate bonds and NCDs — with no trades and no issuer commissions. Sourced from RBI, BSE, NSE, and rating agencies.

Market Today Data through close · 21 Sep 2026 2:45 AM IST
10Y G-Sec (on-the-run) 6.80% +1.9 bps vs prior close GoI 7.54% 2036 Bucket median 6.70% (114 bonds) · partial curve
AAA Spread (>7Y) 96 bps +3 bps
AA Spread (>7Y) 174 bps +2 bps
New NCD Issues 2 filed this week
Active Bonds 30198 ▲ 5 this week
Issuers Covered 5755
Rating Actions 547 This Week
Default Events 0 This Week
Degraded — 79% success (7-day) · 7 agencies on bond ratings · actions: CRISIL
Most Active Issuers Today
  • Edelweiss Financial Services Limited 224.2
  • Power Finance Corporation Limited 59.6
  • Tata Capital Limited 32.3
Government Securities Yield Curve Data through · 21 Sep 2026 2:45 AM IST
5.1% 5.9% 6.8% 7.7% 5.36 5.36 5.37 5.37 6.16 6.16 6.26 6.26 6.67 6.67 6.70 6.70 6.92 6.92 7.43 7.43 1Y — 5.36% (50 qualified) 2Y — 5.37% (40 qualified) 3Y — 6.16% (73 qualified) 5Y — 6.26% (121 qualified) 7Y — 6.67% (102 qualified) 10Y — 6.70% (114 qualified) 15Y — 6.92% (62 qualified) 30Y — 7.43% (219 qualified) 1Y 2Y 3Y 5Y 7Y 10Y 15Y 30Y

Chart uses tenor-bucket medians (1 thin bucket omitted, <30 qualified trades). Headline 10Y benchmark: 6.80% (GoI 7.54% 2036); delta is vs that ISIN’s prior close. Latest curve snapshot was partial.

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Search India’s Bond Market

Popular searches REC Limited NABARD 7.26% GS 2033 HUDCO Tax Free Bonds INE658F08094
Market Discoveries 3 signals · 2026-09-22
151 bonds are now trading at yields above 12% 151 qualified trades Confidence HIGH Explore 20 issuers were upgraded by rating agencies this week 20 qualified actions Confidence HIGH Explore 6 issuers were downgraded by rating agencies this week 6 qualified actions Confidence HIGH Explore
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Market Pulse Last 7 days
Rating Actions This Week
  • Upgrades 26
  • Downgrades 9
  • Watch Positive 0
  • Watch Negative 0
View details
Most Traded Tenors By Trade Count
  • Short (≤3Y) 100%
  • Medium (3-7Y) 38%
  • Long (>7Y) 29%
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Most Active Issuers By Turnover (₹L) View all
NCD Issues Filings & windows · 2
  • Edelweiss Financial Services Ltd 2026-09-21→2026-10-05
  • SMC Global Securities Ltd filed 2026-09-15
Subscription calendar
Reg52(4) Payments This Week · 5
  • Axis Max Life Insurance Limited · Redemption 2031-08-02
  • IDBI Bank Ltd · Redemption 2029-09-26
  • IDBI Bank Ltd · Redemption 2029-06-13
  • IDBI Bank Ltd · Redemption 2029-03-14
  • CreditAccess Grameen Limited · Interest 2026-09-23
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Credit Spread Curves Over G-Sec
56bps 215bps 373bps 532bps AAA S — 176 bps (373 samples) AAA M — 139 bps (179 samples) AAA L — 96 bps (112 samples) AAA 96 bps AA S — 304 bps (373 samples) AA M — 251 bps (185 samples) AA L — 174 bps (106 samples) AA 174 bps A S — 462 bps (343 samples) A M — 492 bps (51 samples) A 492 bps Short (≤3Y) Medium (3–7Y) Long (>7Y)
Popular Research Screens All screens
Highest Yield Bonds 1,201 matches · market YTM above 9% AAA Corporate Bonds 3,539 matches PSU Bonds 46 matches Short Duration (≤3Y) 13,756 matches G-Secs & SDLs 2,948 matches SDL (State Dev. Loans) 2,812 matches
Latest Rating Actions All ratings
CRISIL AA- Stable Sg Finserve Ltd 2026-09-21 Initial
CRISIL A- Stable Unknown issuer 2026-09-21 Initial
CRISIL AAA Sundaram Finance Limited 2026-09-21 Other
CRISIL AAA Stable Unknown issuer 2026-09-21 Reaffirm
CRISIL A3+ Unknown issuer 2026-09-21 Watch
Research Library View all
G-SECS

Understanding the 10-Year Benchmark: Why It Matters to Your FD

The 10-year G-Sec yield is the bedrock of all interest rates in India. We analyze why it's the number to watch.

 FUNDAMENTALS

Dirty Price vs Clean Price: Accrued Interest Math

Retail investors often confuse the listed price with the settlement price. Here's how accrued interest changes the math.
Recent Trades All bonds
Bond Name Issuer Coupon (%) Yield (%) Maturity Rating Volume (₹L) Last trade
8.95% UNSECURED RATED LISTED REDEEMABLE NON CONVERTIBLE BOND SERIES E DATE OF MATURITY 22/12/2031 Kerala Infrastructure Investment Fund Board 8.95% 9.05% 2031-12-22 AA (India Ratings) — 2026-09-21
Unsecured Non-Convertible Taxable Bond Non SLR in the nature of Deep Discount Bond, in the form of Promissory note,Part- J Series 52 Letter of allotment. Date of Maturity 07/07/2031 IFCI Ltd. — 9.60% 2031-07-07 AA- (Brickwork) — 2026-09-21
NICL-8.95%-26-03-27-PVT National Insurance Company Limited 8.35% 8.82% 2027-03-26 A (ICRA) — 2026-09-21
SKFL-9.25%-9-5-27-PVT Sk Finance Limited 9.25% 8.65% 2027-05-09 AA (ICRA) — 2026-09-21
9% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE DATE OF MATURITY 20/02/2028 Profectus Capital Private Limited 9.00% 12.97% 2028-02-20 A+ (India Ratings) — 2026-09-21
30,198Bonds
5,755Issuers
38,610Trades Analysed
7Agencies (bond ratings)
9 YearsHistorical Data
Observation Engine

Deterministic rules. Transparent logic. No predictions, no scores.

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Data Sources

NSE, BSE, RBI, NSDL, CRISIL, CARE Ratings and other publicly filed sources. No paid data feeds.

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Coverage Criteria

Publicly listed, actively traded securities only. No off-market trades or private placements.

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Data Health

Degraded — 79% success (7-day)

Nightly ingestion, updates complete by 03:30 IST

No sponsored listings. No pay-to-rank. Affiliate links disclosed where used. Raw public data from RBI, SEBI, BSE, NSE, and rating agencies.