Indian bond markets won't see a jump in volatility in the near-term after JPMorgan announced India's inclusion in its widely tracked emerging market debt index, BlackRock's head of Asia Pacific fixed income said on Friday.
in its widely tracked emerging market debt index, BlackRock's head of Asia Pacific fixed income said on Friday.
JPMorgan said 23 Indian Government Bonds with a combined notional value of $330 billion were eligible for inclusion in its Government Bond Index-Emerging Markets index and index suite, benchmarked by about $236 billion in global funds. Neeraj Seth, chief investment officer and head of APAC fundamental fixed income at BlackRock, expects inflows of around $20 billion to $25 billion into India after the maximum weight threshold of 10% is achieved on the GBI-EM index.
Given the size of the $2 trillion global government bond market, it may add only a little bit to the volatility in Indian bond markets, Seth told theThe volatility would become "more profound and visible" if foreign ownership were to go into double digits, Seth said, adding that he expected foreign ownership of Indian government bonds to rise to 3.0%-3.5% post-inclusion.Foreign investor buying in Indian bonds has remained tepid with net purchases of $3.4 billion so far in 2023.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Ethereum's Post-Shanghai Upgrade Activity Disappoints, JPMorgan Analysts ReportAccording to the JPMorgan report, daily transactions on the Ethereum network have experienced a drop of approximately 12% since the upgrade.
Leer más »
Canada has Indian diplomats' communications in bombshell murder probe: sourcesThe Canadian government has amassed both human and signals intelligence in a months-long investigation of a Sikh activist's death that has inflame...
Leer más »
Asia Olympic council 'looking into' Indian athletes' China visa issueThe Olympic Council of Asia (OCA) and Asian Games organisers are examining the issue of three Indian athletes unable to join the games in China due to a visa problem, acting OCA President Raja Randhir Singh said on Sunday.
Leer más »
Flames destroy only Pauma Valley Indian Reservation grocery storeTwo business pillars in the Pauma Valley community were destroyed over the weekend, incinerating almost 5 decades worth of work. So many migrants are arriving at the border that the county is considering declaring a humanitarian crisis. Plus, a San Diego sunglass company has hit it big with football coach Deion Sanders.
Leer más »
Goldman expects 'healthy' growth at these 3 Indian banking stocks – giving one nearly 50% upsideThe investment bank's bullish stance is also mirrored by its outlook on India's economy.
Leer más »