Mumbai, Feb. 20 -- The Reserve Bank of India (RBI), stated in its monthly update that yield on the 10-year G-sec benchmark moderated to 6.75 per cent on February 13, 2025 from 6.85 per cent on January 15, 2025. This moderation was in line with the softening US treasury yields, a decline in crude oil prices, and RBI's liquidity injection operations. The yield curve shifted downwards across the tenor. Between January 16 and February 13, 2025, the average term spread (10-year G-sec yield minus 91-day T-bills yield) narrowed to 24 bps from 27 bps in the previous month. The spread of the 10-year Indian G-sec yield over the 10-year US bond fell to 217 bps as on February 14, 2025 from 314 bps in mid-September and 286 bps a year ago. The volatili...