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Indian govt bonds to enter JP Morgan Bond index from today; Here’s what to expect
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Also Read: JP Morgan bond index India inclusion: Explained key changes, flows, impact on yields, what should investors doIGBs issued by the Reserve Bank of India (RBI) under the Fully Accessible Route (FAR) will be included in the global indices. According to JPMorgan, the average maturity of the Indian bonds included is seven years, with a yield-to-maturity (YTM) of 7.09%.
The bonds with the highest weightage in the index (over 0.5%) include 7.18 GS 2033, 7.30 GS 2053, and 7.18 GS 2037.India becomes the 25th market to be included in the index since its launch in June 2005. This inclusion is anticipated to result in global flows worth $20 billion to $25 billion into the Indian bond market.
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