Following the landslide victory of BJP-led NDA in the
country's general election for 16th Lok Sabha, the cost of insuring State Bank
of India's debt, used as a proxy for Indian sovereign debt, fell to a 11-month
low.
As per the data provided by Markit Limited, a London headquartered global financial information and services company, the SBI's 5-year credit default swaps fell 13 bps (basis points) from Thursday's (a day before the result) close to 206 bps, the lowest since June 2013.
As per the data provided by Markit Limited, a London headquartered global financial information and services company, the SBI's 5-year credit default swaps fell 13 bps (basis points) from Thursday's (a day before the result) close to 206 bps, the lowest since June 2013.
Source: http://www.insuringindia.com
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