India's sovereign yield curve looks set to flatten even more as the Reserve Bank of India increases the pace at which it drains surplus cash from the financial system, Bloomberg Markets reported. That drain has led some investors to tilt toward 10-year debt over five-year notes.
Indian bond curve seen flattening further as RBI drains surplus cash
Bloomberg Markets reports investors shifting toward 10-year debt over five-year notes as the central bank steps up liquidity withdrawals.
