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India, US 10-year yield spread at its lowest in 12 years, shows data

The current spread is nearly 142 bps lower than the 10-year average spread of 518 bps, and 66 bps lower than the 20-year average spread of 442.3 bps

bonds market, currencies, currency, RBI, yield
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The yield on the 10-year Government of India could rise to as high as 8.73 per cent, from 7.31 per cent on Thursday, if the spreads revert to the 10-year average

Krishna Kant Mumbai
The benchmark interest in India is now lagging behind the US – the world’s biggest economy - by a wide margin. The yield on the 10-year US Treasury bill is up 90 basis points (bps) since the end of July this year, while it is nearly unchanged during the period. As a result, the yield spread between India and the US 10-year Treasury bills has declined 376 bps - its lowest level since 2010.

The current spread is nearly 142 bps lower than the 10-year average spread of 518 bps, and 66 bps lower than the 20-year average spread of

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First Published: Sep 22 2022 | 9:19 PM IST

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