India’s 10-Year Bond Yield Slips Below 6.64% – What’s Driving The Decline?

The yield on India’s 10-year benchmark government bond (IN064835G=CC) ended at 6.6328% on December 23, 2025, marking a fall from the prior close of 6.6678%. The movement indicates easing pressure in the debt market, with traders factoring in global bond trends and domestic liquidity. Analysts suggest that the moderation in yields could be linked to expectations of stable monetary policy and cautious optimism around inflation management.

Key Highlights

• The benchmark yield closed at 6.6328%, down from 6.6678% in the previous session
• Decline in yields reflects investor confidence in stable monetary policy outlook
• Liquidity conditions in the domestic market supported softer yield movement
• Global bond market cues and inflation expectations influenced trading sentiment
• Analysts project yields may hover near current levels in the short term, barring sharp macroeconomic shifts

Sources: Investing.com India, Trading Economics, CountryEconomy.com