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(Bloomberg) -- A hawkish pivot by the Indian central bank has money managers scurrying to find safer bets while bracing for potentially the steepest rate hikes in Asia. The yield spread between three-year government papers and similar top-rated company bonds had turned negative in April from around 87 basis points in August, according to Bloomberg data. Yields have risen, and stocks pared gains since the Reserve Bank of India shifted focus to inflation from growth in April and indirectly tightened policy by introducing a higher floor interest rate. [Extracted from the article]

The yield spread between three-year government papers and similar top-rated company bonds had turned negative in April from around 87 basis points in August, according to Bloomberg data. (Bloomberg) -- A hawkish pivot by the Indian central bank has money managers scurrying to find safer bets while bracing for potentially the steepest rate hikes in Asia. Yields have risen, and stocks pared gains since the Reserve Bank of India shifted focus to inflation from growth in April and indirectly tightened policy by introducing a higher floor interest rate. [Extracted from the article]

To contact the reporter on this story:Anindya Upadhyay in New Delhi at aupadhyay22@bloomberg.netTo contact the editors responsible for this story:Reed Landberg at landberg@bloomberg.netIain Wilson, Abhay Singh Attribution Anindya Upadhyay: by reporter Reed Landberg: editor responsible Iain Wilson: editor Abhay Singh: editor. [Extracted from the article]

(Bloomberg) -- Benchmark 10-year bonds rallied from near a three-month low after the central bank said it will buy 100 billion rupees ($1.4 billion) of longer-tenor bonds while selling shorter debt in a move reminiscent of the U.S. Federal Reserve's Operation Twist. The Reserve Bank of India in a statement late Thursday said it will buy 100 billion rupees of the 2029 debt and sell an equal amount of notes maturing next year in an auction on Monday. [Extracted from the article]

(Bloomberg) -- Benchmark 10-year bonds rallied from near a three-month low after the central bank said it will buy 100 billion rupees ($1.4 billion) of longer-tenor bonds while selling shorter debt in a move reminiscent of the U.S. Federal Reserve's Operation Twist. The Reserve Bank of India in a statement late Thursday said it will buy 100 billion rupees of the 2029 debt and sell an equal amount of notes maturing next year in an auction on Monday. [Extracted from the article]