Soaring government bond issuance adds to PM Modi’s challenges – Monnaie
A steady increase in bond issuance by Indian states means that the federal government will likely have to pay a higher price for Prime Minister Narendra Modi’s record-breaking borrowing plans. “Spreads on government bonds will widen,” said Pankaj Pathak, fixed income fund manager at Quantum Asset Management Ltd. in Mumbai. “For some investors, government bonds […]
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