Oil price surge turns India's bonds into most risky in emerging Asia

A selloff in India's bond markets, including its corporate debt, is gathering pace as oil prices extended their rally above $110 a barrel after Russia invaded Ukraine

India’s sovereign bonds look among the most vulnerable to an oil-price shock among emerging debt markets across Asia.
 

Yields jumped an average of 10 basis points during the most significant crude spikes in recent history, with India’s five-year bond showing the most consistent reaction, according to a Bloomberg analysis of seven such events dating back to 2015. This was followed by Philippine debt, while China notes displayed the most resilience against increases in energy prices. 

A selloff in India’s bond markets, including its corporate debt, is gathering pace as oil prices extended their rally above $110 a barrel after Russia invaded