The same in other media
Fiscal stimulus is new unknown for India’s jittery bond traders
Reading now: 791
The sovereign bond market is already showing signs of great strain With record borrowings slated to start in April, India’s bond markets are grappling with another unknown -- the size of any additional fiscal stimulus to combat the coronavirus and how it will be funded.
Prime Minister Narendra Modi’s decision on Tuesday to put the nation under a three-week lockdown is seen as necessary to contain the spread of the virus, but it is also likely to bring an immediate hit to already sagging economic growth.
Offsetting this is going to take a lot more spending, likely fueled by debt issuance. The sovereign bond market is already showing signs of great strain.
Read more on livemint.com
The website covid-19.rehab is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
COVID-19
United States
|
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
|
India
|
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
|
Brazil
|
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
|
United Kingdom
|
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
|
Russia
|
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
|
