Indian Government Security (G-Sec) Yields
Fitted spot curve as of 2026-09-10
https://bondscovery.com/yield-curve/india-g-sec
Indian Government Security (G-Sec) Yields as of 2026-09-10: 10Y at 6.86%, fitted curve 6M–50Y (4.38%–7.46%), 77 bonds. Live chart, constituents and forward rates on bondScovery.
Also quoted as G-Sec yields, India government bond yields and gilt yields India. The curve below is fitted across 77 Indian Government Security (G-Sec) issues, from the shortest bill to the longest bond, and rebuilt with every daily build.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 6M | 4.38% | — |
| 9M | 4.56% | 5.20% |
| 12M | 4.75% | 5.20% |
| 18M | 5.14% | 6.02% |
| 2Y | 5.45% | 6.56% |
| 3Y | 5.88% | 6.93% |
| 4Y | 6.17% | 7.31% |
| 5Y | 6.40% | 7.61% |
| 6Y | 6.56% | 7.75% |
| 7Y | 6.68% | 7.75% |
| 8Y | 6.76% | 7.69% |
| 9Y | 6.82% | 7.61% |
| 10Y | 6.86% | 7.54% |
| 15Y | 6.99% | 7.58% |
| 20Y | 7.16% | 8.53% |
| 25Y | 7.35% | 9.86% |
| 30Y | 7.45% | 9.54% |
| 40Y | 7.45% | 7.73% |
| 50Y | 7.46% | 7.60% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 5.45% and the 10-year 6.86%, a 10Y−2Y spread of +141 bp — positively sloped — as of 2026-09-10. The chart and table below track how they have moved.
Fitted 2Y and 10Y yields and their spread, sampled one build date per month. See all inverted curves today →
| Tenor | Latest2026-09-10 | 1m ago2026-08-11 | 2m ago2026-07-13 | 3m ago2026-06-19 |
|---|---|---|---|---|
| 2Y | 5.45% | 6.32% | 5.95% | 6.20% |
| 10Y | 6.86% | 6.69% | 6.69% | 6.80% |
| 10Y − 2Y | +141 bp | +37 bp | +75 bp | +60 bp |
Bonds in this curve
A selection of 30 of the 86 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| India | 4.45% | 2027-02-15 | 8.24% | IN0020060078 |
| India | 4.11% | 2027-05-27 | 7.02% | IN0020240043 |
| India | 4.78% | 2027-08-02 | 8.26% | IN0020070036 |
| India | 5.12% | 2027-12-09 | 6.64% | IN0020240167 |
| India | 5.16% | 2028-01-08 | 7.17% | IN0020170174 |
| India | 4.70% | 2028-04-10 | 7.06% | IN0020230010 |
| India | 5.61% | 2028-06-30 | 5.91% | IN0020250034 |
| India | 5.21% | 2028-10-23 | 7.37% | IN0020230101 |
| India | 5.27% | 2029-04-18 | 7.10% | IN0020220011 |
| India | 5.83% | 2029-06-03 | 7.04% | IN0020240050 |
| India | 6.08% | 2030-04-17 | 7.17% | IN0020230036 |
| India | 6.33% | 2030-12-05 | 8.97% | IN0020110055 |
| India | 6.52% | 2031-06-18 | 7.02% | IN0020240076 |
| India | 6.10% | 2031-07-12 | 6.10% | IN0020210095 |
| India | 6.65% | 2032-08-22 | 7.26% | IN0020220060 |
| India | 6.60% | 2033-01-27 | 6.68% | IN0020250133 |
| India | 6.63% | 2033-08-14 | 7.18% | IN0020230085 |
| India | 6.61% | 2033-08-17 | 6.57% | IN0020260066 |
| India | 7.24% | 2034-08-05 | 6.90% | IN0020240100 |
| India | 6.84% | 2034-08-10 | 7.50% | IN0020040039 |
| India | 6.48% | 2035-05-05 | 6.33% | IN0020250026 |
| India | 6.48% | 2035-10-06 | 6.48% | IN0020250091 |
| India | 6.62% | 2036-05-11 | 6.94% | IN0020260025 |
| India | 6.70% | 2036-05-23 | 7.54% | IN0020220029 |
| India | 6.92% | 2040-07-07 | 6.68% | IN0020250042 |
| India | 6.97% | 2046-10-10 | 7.06% | IN0020160068 |
| India | 7.41% | 2050-09-20 | 7.16% | IN0020200054 |
| India | 7.49% | 2054-08-05 | 7.09% | IN0020240118 |
| India | 7.45% | 2061-12-16 | 6.95% | IN0020210202 |
| India | 7.36% | 2073-11-06 | 7.46% | IN0020230127 |