Illustration: Jayachandran/MintThe Indian bond market has traditionally been condemned to live in the shadow of the equities market. Benchmark bond yields jumped by 18 basis points the next day. The two recent episodes are important to the extent they are advance signals that the Indian bond market is coming into its own. The question of how to deepen the bond market in an economy with fiscal dominance plus financial repression remains one of the central challenges for regulators. Does the recent volatility indicate the development of bond market in India?

Source: Mint January 21, 2018 17:48 UTC