01
10-Year G-Sec
Benchmark Yield
6.75%
+3% to +5%
Total return of roughly +3% to +5% YTD, anchoring the broader sovereign curve.
The 10-Year benchmark remains the most widely tracked G-Sec, guiding pricing across corporate bonds and bank lending rates.
02
5-Year G-Sec
Benchmark Yield
~6.3–6.4%
+4% to +6%
Delivering the strongest total return band on the curve, at roughly +4% to +6% YTD.
The 5-Year segment sits mid-curve, sensitive to near-term rate cut expectations while offering better carry than the short end.
03
Short-End (1–3Y)
Benchmark Yield
~5.6–6.1%
+3% to +4%
Total return of about +3% to +4% YTD, largely driven by carry over duration gains.
Short-end papers (1–3Y) track the repo rate closely and are the first to reprice on RBI policy signals.
04
Long-End (20–30Y)
Benchmark Yield
~7.2–7.4%
+1% to +3%
The most modest total return on the curve, at +1% to +3% YTD, given elevated duration risk.
Long-end bonds (20–30Y) carry the highest duration risk, making returns more sensitive to inflation and fiscal supply concerns.