Biggest India Bond Holders Ditch Government Paper for State Debt
The portrait of Mahatma Gandhi is displayed on an Indian 50 rupee, left, and 2000 rupee banknotes in an arranged photograph in Bangkok, Thailand. (Photographer: Brent Lewin/Bloomberg)

Biggest India Bond Holders Ditch Government Paper for State Debt

(Bloomberg) -- Selling Indian government bonds and buying high-yielding paper issued by the nation’s states is a favorite trade among the biggest holders of sovereign debt right now.
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