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● Neutral for Indian equities
India’s fund managers turn to fixed income as rate cycle shifts
The brief
- Fund managers discussed bond yields, corporate credit, fund duration and asset allocation
- A shift toward fixed income may redirect flows from equities, affecting Indian asset managers and stocks
- Global bond rout hoists benchmark Indian yield to mid-2024 high before RBI policy
- Bond yields rise, raising the hurdle for Indian equities
- India bonds end choppy quarter at over 2-year lows as rate hike bets mount
- Indian bond yields ease as oil cools, Fed rate hike bets tumble ahead of RBI policy
- Bond supply may outweigh demand, push yields higher