S&P BSE India 10-year sovereign bond index is a transparent and independent index that measure the performance of the 10-year Indian sovereign bond. The bond has a fixed coupon and a remaining maturity of close or equal to 10 years.
Asia Index is a joint venture between S&P Dow Jones Indices and BSE.
Earlier, it obtained feedback from major market participants, including primary dealers, fund management companies, banks and insurance companies, by conducting an advisory opinion poll.
"Asia Index will no longer conduct an advisory opinion poll to obtain feedback from major market participants including primary dealers, fund management companies, banks and insurance companies about the on-the-run 10 year sovereign benchmark bond issued by the Government of India," it said in a circular.
This change will be effective immediately, Asia Index, a joint venture between S&P Dow Jones Indices and BSE, added.
In market parlance, on-the-run security or contract is the most recently issued of a periodically issued security. It is generally more liquid and trade at a premium to other securities.