Bank of America CEO Brian Moynihan says the Federal Reserve “has won” against inflation, but pressures like the strength of the US consumer may keep interest rates higher for longer.
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MUMBAI (Reuters) -The recent addition of Indian government bonds to JPMorgan's emerging market bond indexes has prompted BNP Paribas Asset Management to turn "more positive" on these securities, expecting inflows of around $20 billion in domestic bonds in the next two years, an official from the fund said on Thursday. JPMorgan included Indian bonds to its emerging market debt index last week. "We expect bonds to rally and should see the 10-year benchmark bond yield easing below 7% by end of this year," Jean-Charles Sambor, head of emerging markets, fixed income at BNP Paribas Asset Management told Reuters.