India bond volatility up on tax-cut concerns

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.

- Bloomberg

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 sell-off in almost two years this week, reversing a rally Thursday that was triggered by a rare sovere