Indian Bonds Look Set to Outshine Emerging-Market Peers, Nomura Asset Says
- Rupee, debt are unlikely to face significant decline from here
- Market has priced in much of potential rate increases: Mishima
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After seeing India’s benchmark bond yields rise more than 40 basis points this year, Nomura Asset Management Co.’s Takashi Mishima is seeing a “good entry point” into the market now.
“India stands out by far in emerging markets,” Mishima, senior fund manager at the fixed-income investment department of Nomura Asset, which oversaw the equivalent of $493 billion as of March 31, said in an interview in Tokyo. “The market has already priced in much of the potential rate increases and that would limit any yield gains from here.”