Mumbai, July 30 -- The International Monetary Fund (IMF), in its World Economic Outlook (WEO) July update stated that sovereign yield curves for major advanced economies have steepened since April as bond issuance has continued to rise. This has coincided with widening fiscal deficits and reduced demand for duration by liability-driven investors as well as quantitative tightening, pushing up longer-term yields. Despite bouts of upward yield pressures in advanced economies, local currency yields in emerging markets have generally declined, aided by a weaker dollar.

Published by HT Digital Content Services with permission from Capital Market....