Indian bonds holding up better than most despite treasury swings

The relative stability of Indian bonds is adding to the optimism towards local assets. — Reuters

MUMBAI: Indian bonds are holding up better than most Asian peers despite the swings in treasuries, boosting the appeal of the nation’s debt before its inclusion into major global indices.

For every one basis-point gained in the 10-year US paper, yields on benchmark Indian notes rose by an average 0.23 basis points, according to a Bloomberg analysis of the moves since 2022.