As global markets navigate a complex macroeconomic environment, a notable shift is unfolding in the US bond market. Vishal Goenka, Co-founder of IndiaBonds.com, highlights that the US Treasury’s reduced issuance of long-term bonds reflects an emerging policy divergence — one that could have far-reaching implications for global interest rate expectations and capital flows.
In an exclusive interaction, Goenka explains what this development means for India’s bond market, how domestic issuance trends are evolving, and why structural reforms are key to unlocking deeper debt market participation. Edited Excerpts –
Q) How would you describe the current size and depth of the corporate bond market in India?
A) The current corporate bond market in India stands at INR 51.58 lac crores (US$ 602.4 billion) as of 31st December 2024 (Source SEBI). Although demonstrating growth in recent years, it is dwarfed by US corporate bond (ex-ABS and…
