Indian Bonds Suffer Biggest Outflows Since Index Addition.

Overseas investors are reducing their holdings of Indian bonds at a rapid pace due to rising US yields, leading to the largest outflows since the bonds were added to a major emerging-market index in June. Global funds sold a significant amount of Indian debt last week, alongside selling off local shares on concerns of a slowing economy. The appeal of Indian bonds has waned as US Treasury yields have increased post-Trump's election victory, with the spread between Indian and global markets narrowing. Despite expectations of a more hawkish Indian central bank, JPMorgan plans to increase India's weighting in its bond index, and DBS Group Holdings Ltd. predicts a decline in India's 10-year bond yield by the end of next year. [Extracted from the article]