India 10-Year Government Bond Yield (Monthly)

## What this measures

The yield on India's government bonds with about ten years to maturity, as a monthly average in percent per year, from the OECD's long-term interest rate series. The Country Strength panel carries the annual average as country.ind.bond_yield_10y; this is the monthly series behind it.

## Why it matters

The 10-year yield is what India's government pays to borrow for a decade. It is also the base for mortgage and corporate bond rates there, and the discount rate applied to its stocks and long-lived investments.

## How to read it

Higher means dearer long-term borrowing. The yield moves with expected policy rates, inflation expectations and the premium investors ask to hold the government's debt. Compare it with the country's own history and with a benchmark: the US 10-year Treasury yield or Germany; a widening gap often signals inflation, fiscal or political stress.

## What it does not say

It is a monthly average, so moves inside the month are hidden. The OECD takes the figure from national sources, and the bond or basket used differs slightly by country. It is a nominal yield in the local currency, not adjusted for inflation, and in this economy it also carries expected inflation and currency risk, so compare levels across countries with care. Palanor does not fill a month the OECD has not published.

## Source

OECD, Short-term economic statistics, Financial market indicators (dataflow OECD.SDD.STES,DSD_STES@DF_FINMARK), measure IRLT (long-term interest rates, per cent per annum), monthly, via the OECD SDMX API (sdmx.oecd.org). The OECD compiles it from national central banks and statistical offices. Licensed CC BY 4.0 (oecd.org/en/about/terms-conditions). Attribution: Source: OECD (CC BY 4.0). Not endorsed by the OECD. Refreshed daily by /api/cron/global-yields-sync.