Summary
- The inclusion of Indian bonds in a prominent emerging markets index has sparked renewed investor interest.
- India is a structural growth story, supported by a prudent government spending approach.
- Emerging Market bonds may provide opportunities for yield-seeking investors.
Actionable ideas
- India bonds
For global investors, Indian bonds may offer diversification1 benefits and attractive yields (around 7%*).
- Emerging market bonds
The macroeconomic environment, with the easing of monetary policy, should support for Emerging Market bonds in the second part of the year.
*Source: Bloomberg, 28 June 2024. Yield on the 10-year India government bond.
Key Dates
2 Jul EZ CPI estimate |
3 Jul US PMI, US ISM, UK PMI |
5 Jul US labour markets |