Goldman bets on Indian bond-swap spreads tightening
Updated: 29 Aug 2022, 03:18 PM IST
TL;DR.The trade they recommend involves buying 5-year bonds, betting on Indian bonds being included in benchmark global indexes, while concurrently taking a paid position in overnight indexed swaps.
FILE PHOTO: The Goldman Sachs company logo is on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 13, 2021. REUTERS/Brendan McDermid/File Photo