As India prepares for elections this spring, confidence about the country’s prospects seems ubiquitous. The country has just finalized a new trade agreement; it’s with a small trading bloc composed of Norway, Switzerland, Liechtenstein and Iceland, but the headline number for new foreign investment it commits to bringing in, $100 billion, is nevertheless eye-catching. The … Read more
MUMBAI – Bloomberg Index Services has proposed to include Indian bonds under the fully accessible route (FAR) in its emerging market local currency index. This comes four months after JPMorgan said it would include India bonds in its Global Bond Index – Emerging Markets, starting June this year. “Under the proposal, inclusion of India FAR … Read more
Indian government bond yields fell in the early session on Friday, with the benchmark 10-year and the 14-year bond yields slipping to the lowest level in two months, after JPMorgan said it will include India in its emerging market debt index. The 10-year benchmark 7.18% 2033 bond yield was at 7.1100% as of 10:00 a.m. … Read more
JPMorgan Chase & Co. will likely include India’s sovereign bonds on its indexes next year as investment hurdles get resolved, one of Europe’s biggest asset managers said. “According to our meeting with the index provider, India is keen on that inclusion even though it may not appear so to the outside,” Sabrina Jacobs, a senior … Read more
Morgan Stanley sees a “good chance” of JPMorgan including Indian government bonds in its index, and recommended going long on the 10-year benchmark bond yield. “We now believe that there is a very good chance that JPM will announce the index inclusion of India’s bond market in mid-September,” strategists Min Dai and Madan Reddy said … Read more