Yield to maturity on government of india bonds right now - give a few tenures and Sbi constant maturity fund (direct) and sbi gilt fund (direct also)

India G-Sec yield to maturity by tenure, 28 Sep 2026 (%) — source: CCIL / Capera

Raw data

Tenure	G-Sec YTM
3M	5.41
1Y	6.2
2Y	6.62
3Y	6.66
5Y	6.88
10Y	7.18
30Y	7.69

YTM: SBI gilt funds (Direct plan) vs 10Y G-Sec benchmark, Sep 2026 (%) — sources: AMC factsheets, Moneycontrol, Capera

Raw data

Category	YTM
SBI Gilt Fund (Direct)	7.38
SBI Const. Maturity 10Y Gilt (Direct)	6.95
10Y G-Sec benchmark	7.18

India 10Y G-Sec yield, Jan 2021 – Sep 2026 (% p.a.) — source: OECD/FRED, CCIL

Raw data

Category	10Y G-Sec yield
Jan-21	5.94
Apr-21	6.28
Jul-21	6.21
Oct-21	6.36
Jan-22	6.64
Apr-22	7.11
Jul-22	7.4
Oct-22	7.46
Jan-23	7.39
Apr-23	7.18
Jul-23	7.11
Oct-23	7.35
Jan-24	7.2
Apr-24	7.15
Jul-24	7.01
Oct-24	6.79
Jan-25	6.76
Apr-25	6.46
Jul-25	6.35
Oct-25	6.48
Jan-26	6.73
Apr-26	7.05
Jul-26	6.78
Sep-26	7.18

10Y G-Sec yields 7.18% (2-year high); SBI Gilt Fund (Direct) 7.4% YTM, SBI Constant Maturity 10Y (Direct) 6.95%.

With the rising treasury in US - is it expected that the prices might fall for these in India and improve yields further, even if RBI doesnt change rates/increase rates?

India vs US 10-year sovereign yields, Jan 2024 – Sep 2026 (% p.a.) — sources: OECD/FRED (INDIRLTLT01STM, GS10), US Treasury, CCIL

Raw data

Date	India 10Y G-Sec	US 10Y Treasury
2024-01-01	7.2	4.06
2024-02-01	7.09	4.21
2024-03-01	7.07	4.21
2024-04-01	7.15	4.54
2024-05-01	7.05	4.48
2024-06-01	7.02	4.31
2024-07-01	7.01	4.25
2024-08-01	6.91	3.87
2024-09-01	6.83	3.72
2024-10-01	6.78	4.1
2024-11-01	6.81	4.36
2024-12-01	6.78	4.39
2025-01-01	6.76	4.63
2025-02-01	6.73	4.45
2025-03-01	6.68	4.28
2025-04-01	6.46	4.28
2025-05-01	6.27	4.42
2025-06-01	6.31	4.38
2025-07-01	6.35	4.39
2025-08-01	6.52	4.26
2025-09-01	6.58	4.12
2025-10-01	6.48	4.06
2025-11-01	6.54	4.09
2025-12-01	6.63	4.14
2026-01-01	6.73	4.19
2026-02-01	6.77	4.0
2026-03-01	6.84	4.2
2026-04-01	7.05	4.35
2026-05-01	7.02	4.48
2026-06-01	6.89	4.47
2026-07-01	7.0	4.6
2026-08-01	7.05	4.68
2026-09-01	7.18	4.94

India–US 10Y yield spread, Jan 2024 – Sep 2026, vs long-term average (bps) — sources: OECD/FRED, Bloomberg, Moneycontrol

Raw data

Date	India–US 10Y spread
2024-01-01	314
2024-02-01	288
2024-03-01	286
2024-04-01	261
2024-05-01	257
2024-06-01	271
2024-07-01	276
2024-08-01	304
2024-09-01	311
2024-10-01	268
2024-11-01	245
2024-12-01	239
2025-01-01	213
2025-02-01	228
2025-03-01	240
2025-04-01	218
2025-05-01	185
2025-06-01	193
2025-07-01	196
2025-08-01	226
2025-09-01	246
2025-10-01	242
2025-11-01	245
2025-12-01	249
2026-01-01	254
2026-02-01	277
2026-03-01	264
2026-04-01	270
2026-05-01	254
2026-06-01	242
2026-07-01	240
2026-08-01	237
2026-09-01	224

Estimated SBI gilt fund NAV sensitivity to a yield rise (modified duration ~6.5, % change) — source: AMC factsheets, author calc

Raw data

Category	NAV impact
+25bp	-1.63
+50bp	-3.25
+75bp	-4.88
+100bp	-6.5

US 10Y at 5.24% pressures Indian gilt prices only partially: ~25–30bp pass-through per 100bp US move, and the India–US spread is already at ~224bp vs a 415bp long-run average.