Most investors, despite having large chunks of debt in their portfolios, typically do not find debt interesting enough to be a conversation item. But, once a while, bond markets come out of their shell and create enough noise to turn investors’ attention to their existence. Now is one such instance. Between inflation expectations and higher government borrowings, bond markets seem to be stuck between a rock and a hard place.
Government borrowing
Just as the market was smarting under higher oil prices and inflation was inching up, came the Gujarat verdict.
