India Stands Out for Cheap Bonds as Index Date Nears

(Bloomberg) -- Follow Bloomberg India on WhatsApp for exclusive content and analysis on what billionaires, businesses and markets are doing. Sign up...

-- Follow Bloomberg India on WhatsApp for exclusive content and analysis on what billionaires, businesses and markets are doing. Sign up here.Malaysia in Talks With Tycoons on Casino to Revive $100 Billion Forest City India n equities have soared to become among the world’s most expensive, yet its bonds appear relatively cheap despite being Asia’s best performers this year.

The stretched valuation has seen global asset managers trim their allocations to Indian stocks, pulling $1.1 billion so far in April. Expectations of few Fed rate cuts this year that hit risk assets have meant they also sold $1.3 billion of bonds this month, data compiled by Bloomberg show. -- Chicago Bears officials alongside Mayor Brandon Johnson unveiled plans for a $4.7 billion project to build a publicly owned, enclosed stadium and enhanced lakefront area.

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