scorecardresearchOversupply of India Bonds to Drive Yields to 8%, Standard Chartered Says

Oversupply of India Bonds to Drive Yields to 8%, Standard Chartered Says

Updated: 22 Jun 2022, 08:03 AM IST
TL;DR.
A supply glut is set to hit India’s government bond market, and drive benchmark yields toward 8% by year-end, according to Standard Chartered Plc.
Shaktikanta Das, governor of the Reserve Bank of India (RBI), takes his mask off as he arrives for a news conference at the bank's headquarters in Mumbai, India, on Friday, April 8, 2022. India�s central bank signaled a shift in policy focus as it ramped up efforts to mop up excess liquidity in the banking system and raised its inflation forecasts, sending bond yields higher. Photographer: Dhiraj Singh/Bloomberg

Shaktikanta Das, governor of the Reserve Bank of India (RBI), takes his mask off as he arrives for a news conference at the bank's headquarters in Mumbai, India, on Friday, April 8, 2022. India�s central bank signaled a shift in policy focus as it ramped up efforts to mop up excess liquidity in the banking system and raised its inflation forecasts, sending bond yields higher. Photographer: Dhiraj Singh/Bloomberg