Macro & Fed·Bloomberg Markets· 1h ago

India Swaps Turn More Aggressive on Rate Hikes, Boosting Yields

Strategic Analysis // Ian Gross

"Rising oil prices are forcing India's central bank to consider more aggressive rate hikes, which means higher borrowing costs for businesses and consumers. This shift will likely boost bond yields further, impacting investment returns and potentially slowing economic growth in a key emerging market."

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The Big Market Report Take

Looks like India's bond market is getting a bit twitchy, pricing in more aggressive rate hikes thanks to those pesky oil prices. If the swap market's right, those yields are only heading one way: up.

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