News Snapshot:
Chinese language sovereign bonds have gained inclusion into FTSE Russell’s benchmark bond index a yr after they have been rejected. The index compiler owned by the London Inventory Trade Group stated the debt can be added to its flagship World Authorities Bond Index. The inclusion will begin in October 2021, in accordance with a press release after U.S. markets closed Thursday. The inclusion offers international buyers one more approach to put money into Chinese language debt and may immediate inflows into the world’s second-largest bond market. Goldman Sachs estimated it could entice $140 billion over the 12-month phase-in interval. FTSE...
