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Bond party set to cool in India as inflation, fiscal risks loom
Published Mon, Oct 9, 2017 · 09:50 PM
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Mumbai
THE bull run in Indian sovereign bonds is petering out as accelerating inflation and the risk of worsening public finances cloud the outlook for Asia's highest-yielding securities.
The benchmark 10-year yield, up 24 basis points in 2017, may climb further as rising living costs prevent the Reserve Bank of India from cutting interest rates, according to HSBC Holdings Plc and Emkay Global Financial Services Ltd.
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