India Swaps Turn More Aggressive on Rate Hikes, Boosting Yields
India’s swap markets are signaling a more aggressive shift toward interest-rate increases as oil prices surge, pointing to prospects for further gains in bond yields.
By Subhadip Sircar, Anup Roy · Bloomberg Markets
India’s swap markets are signaling a more aggressive shift toward interest-rate increases as oil prices surge, pointing to prospects for further gains in bond yields.