Market closed today (Weekend) · Prices and yields as of last trading day, 25 Sep 2026

Indian Sovereign Yield Curve

As of · 2026-09-25 close 2:45 AM IST

Bucket medians from recent Government of India + T-Bill trades (last 7 days where liquid, else 30). Not a live tick — updates once per trading day at ~02:57 IST.

3M G-Sec
5.26%
Δ1d 0 bps · Δ7d 0 bps · Δ30d 0 bps
2Y G-Sec
6.57%
Δ1d +3 bps · Δ7d +4 bps · Δ30d +16 bps
5Y G-Sec
6.97%
Δ1d +7 bps · Δ7d +24 bps · Δ30d +46 bps
10Y G-Sec
7.11%
Δ1d +2 bps · Δ7d -1 bps · Δ30d +28 bps
30Y G-Sec
7.63%
Δ1d 0 bps · Δ7d -1 bps · Δ30d +16 bps
3M-2Y spread
+131 bps
Δ7d +4 bps
2Y-5Y spread
+40 bps
Δ7d +20 bps
5Y-10Y spread
+14 bps
Δ7d -25 bps
10Y-30Y spread
+52 bps
Δ7d +1 bps
Observations
  • The 2Y-10Y segment is positively sloped: 10Y yields more than 2Y at +54 bps. (based on 34 2Y and 21 10Y qualified trades)
  • The 10Y G-Sec median is 28 bps up vs 2026-08-26. (comparing snapshots 30 days apart)
Today's Curve Movement
Short End (3M-2Y)
+1 bps
Mid End (2Y-10Y)
+1 bps
Long End (10Y-30Y)
0 bps
2Y-10Y Spread
-1 bps
Curve Shape Qualified median    Raw trades (last 30d)    Overlay
Compare vs:
4.9% 5.4% 5.9% 6.4% 6.9% 7.4% 7.9% 8.4% 8.9% 9.4% 9.9% 10.4% 10.9% 11.4% 3M 1Y 3Y 5Y 10Y 20Y 30Y 667GS2035 — 5.939% / 9.22y (raw) 601GS2030 — 7.003% / 3.81y (raw) 633GS2035 — 6.548% / 8.6y (raw) 706GS2046 — 7.029% / 20.04y (raw) 610GS2031 — 6.403% / 4.79y (raw) 762GS2039 — 7.386% / 12.97y (raw) 690GS2065 — 7.647% / 38.55y (raw) 668GS2040 — 7.074% / 13.78y (raw) 676GS2061 — 7.683% / 34.41y (raw) 709GS2054 — 7.6% / 27.85y (raw) 772GS2049 — 7.54% / 22.72y (raw) 679GS2034 — 7.059% / 8.03y (raw) 724GS2055 — 7.6% / 28.89y (raw) 718GS2037 — 7.087% / 10.82y (raw) 734GS2064 — 7.688% / 37.57y (raw) 717GS2030 — 6.811% / 3.55y (raw) 622GS2035 — 7.261% / 8.47y (raw) 771GS2066 — 7.591% / 39.64y (raw) 828GS2032 — 6.235% / 5.39y (raw) 679GS2031 — 6.753% / 5.26y (raw) 726GS2032 — 6.56% / 5.9y (raw) 601GS2028 — 6.167% / 1.49y (raw) 726GS2033 — 7.056% / 6.36y (raw) 668GS2033 — 7.13% / 6.34y (raw) 718GS2033 — 6.7% / 6.88y (raw) 719GS2060 — 7.603% / 33.97y (raw) 750GS2056 — 7.553% / 29.58y (raw) 723GS2039 — 7.189% / 12.55y (raw) 710GS2029 — 6.498% / 2.56y (raw) 648GS2035 — 7.266% / 9.02y (raw) 826GS2027 — 7.094% / 0.85y (raw) 645GS2029 — 6.865% / 3.03y (raw) 603GS2029 — 6.834% / 2.34y (raw) 694GS2036 — 7.156% / 9.62y (raw) 737GS2028 — 5.88% / 2.07y (raw) 706GS2028 — 6.873% / 1.54y (raw) 717GS2028 — 6.727% / 1.28y (raw) 619GS2034 — 7.075% / 7.97y (raw) 628GS2032 — 6.556% / 5.8y (raw) 654GS2032 — 7.217% / 5.31y (raw) 732GS2030 — 7.071% / 4.13y (raw) 577GS2030 — 7.031% / 3.85y (raw) 636GS2031 — 6.75% / 4.39y (raw) 813GS2045 — 7.037% / 18.74y (raw) 726GS2029 — 6.897% / 2.3y (raw) 824GS2033 — 6.818% / 7.12y (raw) 832GS2032 — 7.004% / 5.85y (raw) 824GS2027 — 6.662% / 0.39y (raw) 736GS2052 — 7.56% / 25.96y (raw) 725GS2063 — 7.694% / 36.71y (raw) 757GS2033 — 7.251% / 6.72y (raw) 741GS2036 — 7.112% / 10.23y (raw) 667GS2050 — 7.441% / 24.22y (raw) 716GS2050 — 7.596% / 23.98y (raw) 702GS2031 — 7.133% / 4.72y (raw) 692GS2039 — 7.328% / 13.14y (raw) 695GS2061 — 7.663% / 35.22y (raw) 664GS2027 — 6.923% / 1.2y (raw) 754GS2036 — 7.154% / 9.65y (raw) 699GS2051 — 7.564% / 25.22y (raw) 585GS2030 — 7.012% / 4.18y (raw) 664GS2035 — 7.043% / 8.72y (raw) 738GS2027 — 6.088% / 0.73y (raw) 675GS2029 — 6.902% / 3.24y (raw) 897GS2030 — 6.143% / 4.19y (raw) 704GS2029 — 6.496% / 2.68y (raw) 772GS2055 — 7.691% / 29.08y (raw) 702GS2027 — 7.078% / 0.66y (raw) 591GS2028 — 7.033% / 1.76y (raw) 883GS2041 — 7.238% / 15.21y (raw) 662GS2051 — 7.546% / 25.17y (raw) 795GS2032 — 6.545% / 5.92y (raw) 807MH49 — 7.941% / 22.53y (raw) 743GS2076 — 7.692% / 49.31y (raw) 746GS2073 — 7.153% / 47.11y (raw) 779MH54 — 8.185% / 27.57y (raw) 758GJ32 — 7.958% / 6.25y (raw) 744AP33 — 8.229% / 6.94y (raw) 739CG33 — 8.226% / 6.46y (raw) 723GJ27 — 8.362% / 0.73y (raw) 744TS53 — 8.591% / 26.54y (raw) 746TS49 — 8.048% / 22.97y (raw) 702GJ31 — 8.976% / 4.38y (raw) 745AP42 — 8.082% / 15.96y (raw) 724KL41 — 8.402% / 14.86y (raw) 709GS2074 — 7.66% / 48.16y (raw) 794TN32 — 8.347% / 5.72y (raw) 806RJ57 — 8.386% / 30.53y (raw) 768KA37 — 8.001% / 11.25y (raw) 766GJ32 — 8.883% / 5.29y (raw) 755GJ31 — 8.22% / 5.23y (raw) 707GJ33 — 8.259% / 7.16y (raw) 699TN32 — 8.23% / 6.07y (raw) 725GA35 — 8.5% / 8.94y (raw) 750TN32 — 8.487% / 5.61y (raw) 764JK50 — 8.297% / 24.19y (raw) 765TN30 — 8.864% / 4.11y (raw) 747HR33 — 8.228% / 6.96y (raw) 752TN33 — 8.256% / 7.02y (raw) 757TN33 — 8.208% / 6.29y (raw) 758JK50 — 8.088% / 24.11y (raw) 762GJ28 — 8.075% / 2.04y (raw) 775AP29 — 8.221% / 3.1y (raw) 782TN32 — 8.92% / 6.08y (raw) 788MP33 — 8.229% / 7.08y (raw) 695MH31 — 8.221% / 4.79y (raw) 774UP38 — 8.775% / 11.7y (raw) 768KA31 — 7.964% / 5.14y (raw) 767AS33 — 7.892% / 6.33y (raw) 754TS33 — 8.234% / 6.57y (raw) 737CG31 — 8.928% / 4.55y (raw) 728AP32 — 8.227% / 5.72y (raw) 775DL41 — 8.026% / 14.74y (raw) 756KL44 — 8.389% / 18.26y (raw) 751HR29 — 8.203% / 3.21y (raw) 774AS33 — 9.046% / 7.12y (raw) 708RJ30 — 8.149% / 3.47y (raw) 777HP49 — 8.032% / 22.74y (raw) 706GS2041 — 7.107% / 14.83y (raw) 792BR51 — 8.072% / 24.55y (raw) 771GJ34 — 8.015% / 7.44y (raw) 791MH39 — 8.059% / 12.53y (raw) 698HR31 — 8.222% / 4.85y (raw) 672KL27 — 10.719% / 0.49y (raw) 807AP36 — 8.51% / 9.7y (raw) 695KA28 — 11.312% / 2.0y (raw) 627TN27 — 11.232% / 0.93y (raw) 674MH29 — 8.257% / 2.95y (raw) 677OR29 — 8.264% / 2.97y (raw) 796AP38 — 8.471% / 11.53y (raw) 797RJ43 — 8.225% / 16.53y (raw) 797TS43 — 8.424% / 16.53y (raw) 807AP51 — 8.498% / 24.53y (raw) 788HR41 — 8.765% / 14.51y (raw) 799HR44 — 8.763% / 17.51y (raw) 804KL46 — 8.344% / 19.5y (raw) 708UK29 — 9.631% / 2.59y (raw) 664TN29 — 9.558% / 2.45y (raw) 653CG28 — 10.014% / 1.97y (raw) 659CG28 — 10.176% / 2.03y (raw) 771AP42 — 7.713% / 15.92y (raw) 783HR32 — 7.951% / 6.04y (raw) 753HR30 — 8.882% / 3.92y (raw) 742AS34 — 7.913% / 7.44y (raw) 763TN56 — 8.036% / 29.43y (raw) 746MH35 — 8.678% / 8.4y (raw) 746UP34 — 8.453% / 7.42y (raw) 748HR34 — 8.261% / 7.56y (raw) 757GJ32 — 7.855% / 5.31y (raw) 757MH31 — 8.939% / 4.33y (raw) 765GA34 — 8.593% / 7.35y (raw) 765RJ48 — 8.426% / 22.1y (raw) 778HP44 — 8.041% / 17.74y (raw) 767CG31 — 8.265% / 4.33y (raw) 767TS45 — 8.495% / 19.1y (raw) 771UP33 — 8.926% / 7.1y (raw) 773BR39 — 8.242% / 12.27y (raw) 773CG31 — 8.934% / 5.1y (raw) 779PN38 — 8.165% / 11.27y (raw) 746RJ34 — 8.931% / 7.48y (raw) 765PN42 — 8.492% / 16.14y (raw) 766RJ31 — 8.266% / 4.33y (raw) 767GA33 — 8.226% / 7.06y (raw) 745KA35 — 8.9% / 8.48y (raw) 785AP40 — 8.207% / 14.04y (raw) 734UK32 — 8.016% / 5.51y (raw) 745WB44 — 8.272% / 17.48y (raw) 748UP36 — 8.028% / 9.48y (raw) 744CG30 — 8.963% / 3.38y (raw) 755GJ30 — 8.907% / 4.25y (raw) 749OR36 — 8.162% / 9.32y (raw) 745TS48 — 8.779% / 22.17y (raw) 745TS53 — 8.518% / 27.16y (raw) 754MH37 — 8.401% / 10.36y (raw) 757UP36 — 7.813% / 9.36y (raw) 754TS53 — 8.198% / 26.92y (raw) 735UP39 — 8.311% / 13.09y (raw) 748PN31 — 8.978% / 4.3y (raw) 765BR44 — 8.272% / 17.3y (raw) 765BR51 — 8.242% / 24.3y (raw) 755GA32 — 8.163% / 6.21y (raw) 734AP35 — 8.503% / 8.74y (raw) 746CG31 — 8.95% / 4.38y (raw) 764AP31 — 7.941% / 4.31y (raw) 743TN34 — 8.958% / 7.5y (raw) 754TS55 — 8.126% / 28.92y (raw) 733RJ31 — 8.976% / 4.49y (raw) 788UP46 — 8.747% / 19.49y (raw) 757RJ35 — 7.884% / 8.72y (raw) 772UP44 — 8.149% / 17.47y (raw) 754PN34 — 7.797% / 7.41y (raw) 783AP43 — 8.804% / 16.49y (raw) 735MH31 — 7.933% / 4.53y (raw) 765TS49 — 8.257% / 22.76y (raw) 737RJ30 — 8.909% / 3.68y (raw) 769TN33 — 8.21% / 6.68y (raw) 783AS46 — 8.334% / 19.59y (raw) 783KL49 — 8.132% / 22.59y (raw) 755MH34 — 8.228% / 7.57y (raw) 779AP42 — 8.124% / 15.57y (raw) 781RJ49 — 8.076% / 22.57y (raw) 772TS46 — 7.877% / 19.44y (raw) 762UP33 — 8.227% / 7.23y (raw) 747PN32 — 8.051% / 5.63y (raw) 756AP39 — 8.508% / 12.76y (raw) 774RJ34 — 8.877% / 7.27y (raw) 736RJ37 — 8.502% / 10.67y (raw) 743BR39 — 8.364% / 12.42y (raw) 762WB41 — 9.561% / 15.24y (raw) 745MH37 — 8.027% / 10.48y (raw) 747HP33 — 8.876% / 6.61y (raw) 739AP29 — 8.201% / 2.37y (raw) 743GJ27 — 8.357% / 0.27y (raw) 747GJ28 — 7.995% / 1.27y (raw) 735PY27 — 7.952% / 0.4y (raw) 722GJ28 — 8.216% / 1.71y (raw) 726MH30 — 7.925% / 3.66y (raw) 729CG30 — 8.99% / 3.69y (raw) 722GJ35 — 8.243% / 8.3y (raw) 714PY30 — 8.979% / 4.22y (raw) 702PN30 — 8.218% / 3.76y (raw) 724TN31 — 8.976% / 4.49y (raw) 724UP33 — 7.681% / 7.2y (raw) 715TN32 — 9.019% / 5.97y (raw) 724UP36 — 8.3% / 10.13y (raw) 729PN33 — 8.258% / 7.16y (raw) 712BR34 — 8.231% / 8.22y (raw) 678MN31 — 7.876% / 4.58y (raw) 663ML31 — 8.095% / 4.31y (raw) 620GS2029 — 6.825% / 2.89y (raw) 764MP34 — 8.233% / 7.59y (raw) 764AP56 — 7.804% / 29.88y (raw) 716OR32 — 8.331% / 5.89y (raw) 749TN36 — 8.499% / 9.86y (raw) 653GS2031 — 7.089% / 4.94y (raw) 763GS2056 — 7.63% / 29.97y (raw) 91-Day T-Bill (16-Dec-2026) — 5.28% / 0.22y (raw) 182-Day T-Bill (17-Mar-2027) — 5.75% / 0.47y (raw) 364-Day T-Bill (15-Sep-2027) — 6.039% / 0.97y (raw) 91-Day T-Bill (09-Dec-2026) — 5.209% / 0.2y (raw) 182-Day T-Bill (10-Mar-2027) — 5.617% / 0.45y (raw) 364-Day T-Bill (08-Sep-2027) — 5.915% / 0.95y (raw) 91-Day T-Bill (02-Dec-2026) — 5.26% / 0.18y (raw) 182-Day T-Bill (03-Mar-2027) — 5.659% / 0.43y (raw) 364-Day T-Bill (01-Sep-2027) — 5.909% / 0.93y (raw) 3M — 5.26% (3 qualified) 6M — 5.62% (3 qualified) 1Y — 5.91% (4 qualified) 2Y — 6.57% (34 qualified) 3Y — 6.54% (48 qualified) 5Y — 6.97% (13 qualified) 7Y — 6.96% (11 qualified) 10Y — 7.11% (21 qualified) 15Y — 7.10% (35 qualified) 30Y — 7.63% (56 qualified) 3M (2026-09-24) — 5.26% 6M (2026-09-24) — 5.62% 1Y (2026-09-24) — 5.91% 2Y (2026-09-24) — 6.54% 3Y (2026-09-24) — 6.58% 5Y (2026-09-24) — 6.91% 7Y (2026-09-24) — 6.96% 10Y (2026-09-24) — 7.09% 15Y (2026-09-24) — 7.10% 30Y (2026-09-24) — 7.63% 3M (2026-08-26) — 5.26% 6M (2026-08-26) — 5.56% 1Y (2026-08-26) — 5.72% 2Y (2026-08-26) — 6.41% 3Y (2026-08-26) — 6.55% 5Y (2026-08-26) — 6.52% 7Y (2026-08-26) — 6.74% 10Y (2026-08-26) — 6.83% 15Y (2026-08-26) — 6.96% 30Y (2026-08-26) — 7.47%

Dashed line: comparison snapshot. Snapshot date: 2026-09-24. Snapshot date: 2026-08-26.

Qualified median = bucket-median YTM after the price, volume and MAD filters (last 7 days where liquid, else 30). Raw scatter includes every eligible trade — the two aren't the same population by design.

Benchmark Table
Tenor Yield Δ1d Δ7d Δ30d Spread vs 10Y Qualified Trades
3M 5.26% 0 bps 0 bps 0 bps -185 bps 3 / 4 raw
6M 5.62% 0 bps 0 bps +6 bps -149 bps 3 / 4 raw
1Y 5.91% 0 bps 0 bps +19 bps -120 bps 4
2Y 6.57% +3 bps +4 bps +16 bps -54 bps 34 / 37 raw
3Y 6.54% -4 bps -5 bps -1 bps -57 bps 48 / 50 raw
5Y 6.97% +7 bps +24 bps +46 bps -14 bps 13 / 14 raw
7Y 6.96% 0 bps +11 bps +23 bps -15 bps 11
10Y 7.11% +2 bps -1 bps +28 bps +0 bps 21
15Y 7.10% 0 bps +3 bps +14 bps -1 bps 35 / 36 raw
30Y 7.63% 0 bps -1 bps +16 bps +52 bps 56

Qualified = passed the 4.0-MAD outlier filter. Raw = pre-filter count. Buckets showing "—" have fewer than 3 qualified trades and are not stated.

Yields shown are bucket medians derived from secondary-market trades, not official quotes or investment advice. Sovereign obligations carry interest-rate risk; past yields do not indicate future returns. Source data: NSE Capital Market, BSE Bonds, RBI auction cut-offs. See methodology for filter parameters and known limits.