India’s inclusion in JP Morgan’s bond index in September 2023 has increased global interest in local debt. ETFs, such as L&G ($698.9 million), UTI, BlackRock, Xtracker’s, and Tabula’s, now manage $835 million. Smaller investors use ETFs or Total Return Swaps, bypassing multiple operational layers, streamlined by UCITs regulations as of May 31, 2024.
Traders raise odds of 50 bps Fed rate hike as CPI rise exceeds expectations
New data has revealed that US consumer prices rose faster than anticipated, prompting speculation about interest rate changes. Fed Governor Christopher Waller suggested a half