Yields on Indian government bonds are expected to remain in a narrow range this year as an inclusion of domestic bonds in global indexes may not materialise in 2022, a rates strategist with HSBC said.
"We still see the inclusion as a low probability event for the current year. Our base case is that index inclusion is likely to be delayed to next year," Himanshu Malik, Asia-Pacific rates strategist, HSBC, told Reuters, adding that he expects yields to rise next year.
Yields have eased since August, with the benchmark 10-year yield dropping to 7.10% from 7.62% in June, amid growing
