Wall Street Snaps Up Short-Term India Bank Debt as Yields Surge

Wall Street lenders bought up a chunk of certificates of deposits sold by Indian banks in recent weeks after yields shot up, according to people familiar with the matter.

By Saikat Das, Bhaskar Dutta · Bloomberg Markets

Wall Street lenders bought up a chunk of certificates of deposits sold by Indian banks in recent weeks after yields shot up, according to people familiar with the matter.