India’s Long Bonds Are a Buy on Wider Spreads, Bajaj’s Iyer Says

India's long-tenor sovereign bonds present a buying opportunity, thanks to a wide yield spread over shorter notes, according to a top official at Bajaj Finserv Ltd.

“There's a reasonable amount of demand, especially for bonds at the longer end,” Lakshmi Iyer , group president for investments at the financial services conglomerate said in an interview with Bloomberg TV. With long yields rising above 7%, the segment is drawing demand from pension funds and insurers, she said.