Reported 6 months ago
Indian government bonds eligible for inclusion in the JPMorgan Chase & Co. index are expected to deliver their best monthly returns in nearly a year, with a 1.3% return in May so far, the highest since April 2023. This performance is attributed to fresh foreign inflows and a record central bank payout, as foreign investors are turning to India amid China's economic slowdown. The bonds are set to join the bank's emerging market debt gauge in June, and the market is being supported by a significant central bank dividend payout to the government, contributing to a drop in the benchmark 10-year bond yield for the fifth consecutive week.
Source: YAHOO