Inclusion of Indian bonds in Bloomberg index delayed

THE DEFERMENT OF India’s inclusion in the Bloomberg Global Aggregate Index triggered a selloff in the bond market on Tuesday, pushing the 10-year benchmark yield higher, ending the day at 6.63%, down 3 basis points (bps).

- MAHESH NAYAK

After a positive opening at 6.59%, the 10-year G-Sec briefly firmed to an intraday high of 6.57% but reversed as selling intensified following the news of the deferment. Yields climbed to 6.64%, marking a 7 bps rise from the intraday high, before stab