18 hours ago
India Bond Volatility Jumps as Tax-Cut Plan Stokes Fiscal Worry
Volatility in benchmark Indian bonds jumped to a three-year high, as a plan to cut consumption taxes stoked concerns that the government may sell more debt to make up for any revenue shortfall.
A Bloomberg gauge of swings in India's 10-year bonds reached the highest since October 2022 on Tuesday, after recent ructions in the nation's debt. Benchmark bonds suffered the biggest selloff in almost two years this week, reversing a rally Thursday that was triggered by a rare sovereign rating upgrade.
