India 10-Year Bond Yield Ticks Up to 6.5158%: Mild Pressure Amid Auctions

Yield Movement Analysis

The flagship 10-year government security (IN063335G), often called the benchmark G-Sec, closed marginally higher at 6.5158% on November 28, 2025. This uptick of ~0.75 bps follows a flat session, as traders position for ₹30,000 crore weekly bond auctions and Q2 GDP release. Yields inversely track prices amid steady demand.​

Market Context

India's 10Y yield lingers near 6.50%, its highest since April, buoyed by RBI's resumed purchases (₹124 bn last week) offsetting supply pressures. Inflation at record lows fuels rate-cut hopes, though global cues and fiscal reforms weigh in. OIS rates aligned higher: 1Y at 5.43%, 5Y at 5.70%.​

Key Highlights

Current Yield: 6.5158% (prev. close 6.5082%); +0.75 bps change.

Trading Range: 6.50-6.52% expected; near 7-month high.

Influencers: RBI bond buying, debt auctions, Q2 GDP data.

Forecast: 6.53% by quarter-end; 6.42% in 12 months.

Related Metrics: OIS up; rupee stable at ~89.29/USD.

Sources: TradingView/Reuters, Trading Economics, Investing.com.