India Bond Traders Are On Edge Over Possible Higher Stimulus
- Assurance on meeting budget deficit target needed: PNB Gilts
- Debt market’s risk appetite exhausted at present: IDFC Asset
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India’s drip-feed approach to reviving growth from a six-year low is doing little to lift the pall over the nation’s bond market.
Bond yields have risen in five of the past seven weeks as traders continue to fear that the government, which has avoided big-bang spending, may still resort to big giveaways. And this week’s oil shock has had investors looking for assurances that the administration will stick to a goal of narrowing its fiscal deficit.