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

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