Foreigners dump emerging market debt but buy Indian debt
December 26, 2014
Bond yields of emerging markets have jumped by 150 basis points on the back of a huge sell-off from foreign investors. But they continue to pour money into Indian debt
Moneylife Digital Team
The last few weeks have witnessed one of the worst sell-offs in emerging market debt since the financial crisis of 2008, foreigners dumped emerging market debt for a variety of reasons. But in an interesting case of decoupling, foreigners continued to pour money into the Indian debt market.