The potential inversion of India-US yields could be more than a statistical anomaly - it may signal the beginning of a long-term shift in global economic leadership.
But if history is any guide, that is unlikely to herald a cap on yields. Thus, light at the end of the tightening tunnel may still be some distance away
The problem for the bond market is less from RBI and more from a massive sovereign borrowing calendar, not just for the immediate year ahead but for a few more years after that
An inversion often comes before a recession, but other economic factors are at play
The Reserve Bank of India (RBI) said on Thursday open market operations in the bond market were a monetary policy tool for the RBI, and not a debt management instrument.