Finance · 2 updates
Mumbai: The highly anticipated inclusion of Indian government bonds in Bloomberg’s Global Aggregate Index has been deferred once again, with the company saying operational and market infrastructure aspects required further evaluation. The deferral could cause sovereign bond yields to immediately harden.India’s financial markets had factored in the likelihood a mid-July review would facilitate the inclusion of Indian sovereign bonds on the Global Aggregate index, which is tracked by a broad swathe of asset managers from Tokyo to Toronto for allocation of patient, long-duration funds. It is one