India 10 Year Government Bond Yield decreased to a 4-week low of 7.139%, as the yield on the US Treasury note fell below 3.3% Wednesday while global oil prices sustain their downward trend. In recent data, India's GDP expanded by 13.5% year-on-year in Q2, the most in a year. Meantime, retail price inflation eased to a five-month low in July despite staying above the RBI's target range of 2%-6% for the 7th straight month. India's central bank lifted its key repo rate by 50bps to 5.4% during its August meeting, the third-rate hike in a row, and markets now see the repo rate to be hiked to at least 6% by December.
Historically, the India Government Bond 10Y reached an all time high of 14.76 in April of 1996. India Government Bond 10Y - data, forecasts, historical chart - was last updated on September of 2022.
The India Government Bond 10Y is expected to trade at 7.29 percent by the end of this quarter, according to 王者荣耀电竞(江西)积分排榜 global macro models and analysts expectations. Looking forward, we estimate it to trade at 7.48 in 12 months time.