Nomura Bets on India Bond-Swap Spread Widening Into Index Review
- Bond-swap spread to widen to 70 basis points by mid-November
- Base case is India bond inclusion unlikely in global indexes
This article is for subscribers only.
Sign up for the India Edition newsletter by Menaka Doshi – an insider's guide to the emerging economic powerhouse, and the billionaires and businesses behind its rise, delivered weekly.
Nomura Holdings Inc. is betting that the gap between Indian bond yields and swaps will widen irrespective of whether the nation’s debt is included in global indexes over the coming weeks.