The retail bond inversion: Why small savers are taking risks institutions reject
New Delhi, Sept. 28 -- A salaried saver in Pune scrolls through a bond app. His fixed deposit renews at 6.9%. On screen is a debenture from a finance company he has never heard of: 13.5%, rated BBB, minimum Rs.10,000. The rating sounds respectable enough. He buys.He has staked his savings on one co…