Mumbai: From Friday, a new era of global interconnectedness begins for the Indian sovereign debt market with government bonds’ inclusion in an international bond index set to attract billions of dollars of foreign money and increase worldwide scrutiny on the country’s fundamentals. JP Morgan will include 27 fully accessible Indian government bonds in its GBI-EM … Read more
Mumbai: Foreign investors will welcome the depth and liquidity of the local market as India begins to feature on global bond indices, but once overseas ownership crosses a point, local dealers will have to contend with a new landscape of volatility that worldwide interconnectedness brings, a Bank of America trading veteran said. Vikas Jain, head … Read more
JPMorgan Chase & Co. is on track to include India in its emerging market debt index from June with most of its clients ready to trade, according to the firm’s global head of index research. “Based on the annual Index Governance Consultation process, market feedback so far has been largely positive, with the majority of … Read more
Mumbai: The Reserve Bank of India’s (RBI) decision to revert to the multiple price method for auctions of sovereign bonds after three years signals confidence on the part of the Centre and its debt manager about New Delhi’s fiscal management, with the first such debt sale validating that trust. The multiple price auction method was … Read more
Mumbai: An advisory committee at Bloomberg Index Services Ltd has recommended inclusion of Indian government bonds in the Bloomberg Emerging Market Local Currency Index and a formal announcement of this is likely in the coming days, people aware of the development said. “Following the advisory committee’s favourable recommendation, the process now goes to the relevant … Read more
Mumbai: Yields on government bonds slumped in trade on Thursday after Finance Minister Nirmala Sitharaman reduced the market borrowing plan for 2024-25 (April-March). In the interim Budget for FY25, the government has pegged the gross and net market borrowing at Rs 14.13 lakh crore and Rs 11.75 lakh crore, respectively. Most experts had pegged the … Read more
