How to gain from three sets of 10-year government bonds?

MUMBAI: Three different bond yields, three initial coupon rates, but exactly identical maturity horizons: It’s the ideal recipe for a rewarding arbitrage play.

Three 10-year sovereign papers, including the benchmark, are yielding spreads up to 49 basis points among themselves. That has created a window of opportunity for quant experts on bond desks.

“Larger than usual yield differential leaves a potential opportunity of spread/arbitrage