Pimco overweight on Indian bonds
Plunging oil prices, stable rupee and India's limited exposure to China keep investors bullish
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Mumbai
RUPEE sovereign bonds, Asia's best performers for two years in a row, are still the top pick for some global funds.
Plunging oil prices, a stable currency and limited exposure to China are keeping investors bullish, with Pacific Investment Management Co (Pimco) calling Indian notes the "preferred" local currency securities in the region. The yield on benchmark 10-year debt in Asia's third largest economy will drop for a third straight year, the longest stretch since 2003, a Bloomberg survey of 10 fixed-income dealers and fund managers shows.
Share with us your feedback on BT's products and services
TRENDING NOW
Why where you park your joint venture matters: Lessons from a US$689 million shareholder dispute
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
A new logic of China-Asean economic integration emerges from the Middle East conflict
From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?
