“The index inclusion process is a staggered process that starts from the middle of next year and ends by March ‘25. So, we will see flows coming into the markets over a period of time and it is a significant development from the perspective of ensuring that there is a new source of demand for government bonds.”
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LUCAS JACKSON/Reuters
Troubled companies are thin on the ground these days. That has been good news for investors in an important corner of the financial system.
Owning the debt of the riskiest companies in the U.S. and Europe has provided positive returns so far this year for fixed-income investors, a rare bright spot in the vast universe of publicly traded debt.
In his annual letter to Berkshire Hathaway’s investors, Warren Buffet said that fixed-income investors worldwide face a “bleak future”.“Bonds are not the place to be these days,” Buffett wrote in his