The craze for India’s booming bond market has reached as far as South Korea, where a bond fund that’s been mostly dormant for a decade is suddenly getting lots of interest. Mirae Asset Management Co.’s fund dedicated to Indian debt has grown to about 32 billion won ($22.5 million) from 24 billion won at the … Read more
Mumbai: Yields on the 10-year sovereign bonds Wednesday plunged to a 13-month low on expectations that the US Federal Reserve will go easy with its monetary policy choices in response to the emerging economic hardships in the world’s biggest economy. Yield on the Indian 10-year benchmark government bond slid 8 basis points to close at … Read more
By Kartik Goyal India’s sovereign bonds are turning a corner as a supply overhang dissipates following a raft of liquidity measures from the central bank. Early signs of economic revival are also spurring hopes of an improvement in government finances. The yield on India’s benchmark 10-year bond fell about 13 basis points over the past … Read more