BlackRock's India Venture Buys Long Bonds as Rate Cut Room Seen

  • Yield on 15-year sovereign notes has dropped 27 basis points
  • Quarter-point RBI rate cut more or less priced in, fund says

The Indian venture of the world’s largest money manager is buying longer-dated debt as bonds extend a rally triggered by the government’s fiscal restraint and signs the central bank will cut interest rates.

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