India’s surging bond yields are starting to draw interest. JPMorgan Chase & Co says 10-year yields are becoming “reasonably attractive” now their premium over the central bank’s policy rate has increased to around one percentage point. The nation’s 10-year yield jumped to a six-month high of 6.94 per cent Wednesday, from as low as 6.40 per cent in July, as rising oil prices add to inflationary pressures. The Reserve Bank of India (RBI) held its repurchase rate at 6 per cent when it met last month. “While we are saying ...
JPMorgan says India bonds 'attractive'
The Reserve Bank of India held its repurchase rate at 6 per cent when it met last month