4 days ago
India's Long Bonds Are a Buy on Wider Spreads, Bajaj's Iyer Says
India's long-tenor sovereign bonds present a buying opportunity, thanks to a wide yield spread over shorter notes, according to a top official at Bajaj Finserv Ltd.
'There's a reasonable amount of demand, especially for bonds at the longer end,' Lakshmi Iyer, group president for investments at the financial services conglomerate said in an interview with Bloomberg TV. With long yields rising above 7%, the segment is drawing demand from pension funds and insurers, she said.
