India bond yields fell on October 29, 2026, with the benchmark 10-year government bond closing at 7.39%, down five basis points from 7.44% the previous day. It was the yield’s biggest daily decline since July.
India bond yields ease alongside US Treasuries
The 10-year yield opened at 7.42% on Thursday and eased during the session. US Treasury yields also fell after markets interpreted Federal Reserve comments on the future rate path as less hawkish. Oil prices declined to $113 a barrel from $116 a day earlier.
Bond prices generally move in the opposite direction to yields, so the lower yield reflects a rise in the benchmark bond’s price. CCIL’s indicative yield table tracks government securities and other debt across benchmark tenors; it is separate from the reported closing yield.
Bond auction and rupee in focus
India’s government was scheduled to sell ₹33,000 crore of bonds at its weekly auction on Friday, October 30, including ₹3,000 crore in 30-year green bonds.
Despite Thursday’s decline, Axis Bank forecast that the 10-year yield would reach 8% by June 2027. The rupee closed nearly unchanged at 95.26 per US dollar, compared with 95.22 at the previous close.
Read More News
Disclaimer
This FinanceVelix article provides general information, not personalized financial, investment, legal, or tax advice. Market prices, interest rates and economic conditions can change; investments carry a risk of loss. Facts reflect the material available when published and may change. Check important information independently and consult a qualified professional when needed. Mentioning an asset, company, or service is not an endorsement.
Comments
Be respectful. No spam, impersonation or private credentials. Ordinary posts and comments appear immediately; suspicious links are held for review.
Please wait…