What is #Euroclear then? Euroclear is a major global clearing house that settles and clears securities traded on European exchanges. While some commentators feel this is not a must for Indian bond inclusion into major indices, it is certainly seen as a big sentimental...(1/4)
...positive. This is because onboarding bonds on Euroclear means that foreign investors need not worry about registering with onshore authorities, opening onshore accounts, and taking care of tax norms for transactions in India bonds. This appears relevant because some...(2/4)
...market commentators expect Indian bonds to be listed on Euroclear by the end of this year, 2021. If a good part of the above comes through, analysts expect India's yield curve for government securities to flatten by around 50bps and the 10Y to trade around 5.85% in...(3/4)
...2022. The bond flows would lead to a drop in overall borrowing costs in the system, help India's debt sustainability, foreign inflows into onshore corporate credit pickup, and also an appreciable 30-40bps of tightening in India's credit spread....(4/4)
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