Receiving swaps to get more profitable than adding bonds in India, BNP Paribas exec says

According to a BNP Paribas official, Indian investors would be wise to focus on overnight indexed swaps (OIS) rather than taking new long positions in bonds. This is because the potential returns from OIS are expected to surpass those from bonds once the global rate-cutting cycle begins.

While interest rates have stayed high globally due to many countries focusing on controlling inflation, they are now approaching a period of easing.