In sync with India’s rising stock in the global economy and geopolitics, Indian financial market is about to be truly globalised
The Government of India Bond (G-Sec) is a marker for the economy. The yield of the 10-year G-sec is often reckoned as a benchmark for the interest rate in the
In recent conversations with market participants, JP Morgan s index managers have said that around 75% of the assets under management (AUM) linked to the bond indices are active , and that the total AUM tracking the platforms could be more than $300 billion, sources aware of the matter told ET.
(Bloomberg) JPMorgan Chase & Co. is considering adding Saudi Arabia’s local-currency bonds to its benchmark emerging-market index, according to people familiar with the matter, a move that would help the kingdom attract more foreign portfolio investment and fund huge projects to diversify from oil.Most Read from BloombergAlmost Anyone Can Become the House Speaker, Except Donald TrumpOnly an Equities Crash Can Rescue the Bond Market, Barclays SaysOzempic Is Making People Buy Less Food, Walmart
Essentially, the domestic government bond market will be watched in accordance with certain global criteria of liquidity and trading ease. The sovereign credit rating and tax policies of the government also assume greater significance as large dollar inflows enter India.