Good morning [%first_name |Dear Reader%],

A perk of being a business journalist who writes on finance is that you get invited to some ‘interest’ing events (sorry, not sorry). And when I got an invite for the 4th India Fixed Income Summit last week, organised by CFA Society India, I said yes pretty quickly—what with all the non-stop chatter about raging inflation, rising interest rates, and associated end-of-the-world scenarios. 

It was one for the geeks, all right. Dyed-in-the-wool debt-market gurus and fixed-income experts spoke on many esoteric topics that had the audience listening in rapt attention. 

No, really. 

Some folks do enjoy ‘fixed-income’ talk. 

After all, the debt market globally is much bigger than the equity market. And the signals the former sends are often leads for the equity market to follow. Guess who first anticipated the collapse of DHFL a few years ago? Ask them privately, and fixed income experts just can’t help talking about their superior chops.

Anyway, there it was. The macro outlook for India, state development loans, municipal bonds, performing credit (yes, there’s something like that), the evolution of Indian bond markets—all packed into a span of eight hours.