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(Bloomberg) -- JPMorgan Asset Management increased its holdings of Indian local-currency sovereign bonds, viewing them as the best bet among peers in Asia. Most Read from BloombergSevere Turbulence Leaves 12 Injured on Qatar Airways FlightFed’s Favorite Underlying Inflation Gauge Is Seen CoolingIndia’s Markets Brace for Selloff as Modi’s Poll Goals in DoubtChina’s Housing Rescue Has a Poor Track Record in Pilot CitiesXi’s China EV Dream Came True. 10 Years On, Walls Are Going UpThe firm added bo

The firm added bonds in April when the yield on the benchmark 10-year bond rose above 7.15%, Julio Callegari, chief investment officer of Asia fixed income, said in an interview. It took some profits off Chinese government notes in the month, he added.

According to a finance ministry official, whether inflows through the bond market can even be considered

BlackRock Inc, the world's largest fund manager, is looking to raise its share in India's $500 billion pool of fully investible government bonds via recently launched exchange traded funds , a...

Bond yields eased due to heavy inflows by foreign investors after JPMorgan said last year it would include Indian bonds in a global bond index.