Bond yields rise as Bloomberg defers India’s inclusion

Bloomberg Index Services deferred India’s inclusion in its flagship Global Aggregate Index due to operational issues

- Subhana Shaikh

The 10-year benchmark yield rose 3 bps to 6.63%.

(BLOOMBERG)

Yields on Indian government bonds rose on Tuesday after Bloomberg Index Services deferred their inclusion in its flagship Global Aggregate Index due to operational issues, dashing hopes of imminent foreign inflows and souring sentiment.

Bond traders had been expecting confirmation of India’s entry into the index this week, a move that was expected to attract foreign inflows of $20-25 billion into government debt. Instead, Bloomberg said it would continue reviewing Indian bonds and provide its next update by mid-2026, prompting a widespread position unwinding.