MUMBAI, Sept 22 - JPMorgan's decision to include local Indian bonds in its widely tracked emerging market debt index could boost demand for debt and push India's benchmark 10-year bond yield to sub-7% levels in the coming months, Citi and Bank of America said on Friday.
"We continue to expect the 10-year India bond yield to ease down to 6.80% over the coming months," Citi analysts wrote in a note. "I see the government bond yields to be always constructive, unless, of course, there is a negative surprise on the macros," said Mehta.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bank of America strategists raise S&P year-end target to 4,600Bank of America (BAC) strategists, led by Head of Equity and Quantitative Strategy Savita Subramanian, have lifted their S&P 500 (^GSPC) year-end target to 4,600 points. This follows other upward S&P revisions from teams at Societe Generale and Oppenheimer. Yahoo Finance anchors Brad Smith and Seana Smith report live from the Nasdaq MarketSite to analyze BofA's latest note and how its team is favoring 'Magnificent Seven' tech stocks.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Bank of America Raises Minimum Wage to $23 on Way to $25 an HourBank of America Corp. will increase its minimum hourly wage to $23 next month, taking another step toward a goal of paying $25 by 2025, as employers respond to a strong labor market.
Source: BNNBloomberg - 🏆 83. / 50 Read more »
Bank of America sees more upside for stocks despite 'fresh wave of bear narratives'Bank of America boosted its price target for the S&P 500 as it believes current economic headwinds won't weigh on stocks.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Bank of America to raise minimum wage to $23 an hour in OctoberMarket News
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »