Jan
03
Why Funds Managers Love Indian Bonds
By-
Favorite destination for fixed-income investments: PineBridge
-
Ten-year yield to drop 33 basis points this year: survey
Rupee sovereign bonds, Asia’s best performers for two years in a row, are still the top pick for some global funds.
Plunging oil prices, a stable currency and limited exposure to China are keeping investors bullish, with Pacific Investment Management Co. calling Indian notes the “preferred” local-currency securities in the region. The yield on benchmark 10-year debt in Asia’s third-largest economy will drop for a third straight year, the longest stretch since 2003, a Bloomberg survey of ten fixed-income dealers and fund managers shows…