 "bond yields")
Investors should brace for a further rise in the yield on the benchmark 10-year Government of India (GoI) bond as the spread remains lower than the historical average. The yield on the 10-year GoI bond is currently 491 basis points higher than the yield on the 10-year US Treasury bond. It is also 40 basis points less than the average yield spread of 531 basis points since January 2010.
The Indian bond market on Friday closed at a yield of 6.753 per cent, marginally up from Thursday's 6.746 per cent. The yield on the 10-year US government bond was around 1.84
