Govt bond yield flat as traders expect inflows on Day 1 of index inclusion

Quick Summary:

Most Indian government bonds under the Fully Accessible Route (FAR) will be a part of the JPMorgan index.

These papers have already seen inflows nearing $11 billion since the inclusion's announcement last September.

Still, a larger chunk is expected on Friday, with investors picking up more longer-duration papers, a continuation of a trend from the last few weeks.

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Category: BusinessFinance

Markets: India

Topics: Market index Emerging market United States Indian government JPMorgan Bond market

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Article Type: News Report

Published On: 2024-06-28 @ 13:04:08 (6 days ago)

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News Source URL: business-standard.com

Language: English

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