US-India bond yield gap narrows to 1.6%, repricing risk | Policy Circle A 73% compression in the 10-year bond yield gap since 2013 shows investors now price India closer to developed-market risk. #Bond #US #RBI

Narrower #yields cut overseas #fundingcosts and curb #carrytrade froth—but leave New Delhi little room for #fiscalslippage, writes Srinath Sridharan.
www.policycircle.org/opinion/us-i...