New Delhi, May 29 -- Corporate bond yields softened in 2024-25, tracking the decline in government securities (G-sec) yields, according to the Reserve Bank of India's annual report released on Thursday.

The average monthly yield on AAA-rated 3-year bonds declined across all major borrower categories in March 2025 compared to a year ago.

RBI said "The monthly average yield on AAA-rated 3-year bonds of public sector undertakings (PSUs), financial institutions (FIs) and banks; non-banking financial companies (NBFCs); and corporates fell".

Yields fell by 15 basis points (bps) for public sector undertakings (PSUs), financial institutions (FIs), and banks; by 28 bps for non-banking financial companies (NBFCs); and by 33 bps for corporates. ...