(Bloomberg) -- India just toppled China as the world's worst-performing major bond market. The Indian government's decision to borrow an additional 500 billion rupees ($7.8 billion) sent the benchmark 10-year yield to its highest since July 2016 on Thursday. In China, yields topped 4 percent last month as the deleveraging campaign sent bonds tumbling.
To contact the reporter on this story: Subhadip Sircar in Mumbai at ssircar3@bloomberg.net.
To contact the editors responsible for this story: Tan Hwee Ann at hatan@bloomberg.net, Ravil Shirodkar, Arijit Ghosh
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