JPMorgan decided to include Romanian sovereign bonds in its GBI-EM Global Diversified Investment Grade index with a 2 percent weight. On July 23 Banca Transylvania reported that the news has immediately impacted on financial markets. The average yield for 10-year Romanian sovereign bonds fell to a new minimum of 4,15%. The incentive for this decision was an earlier amendment of S&P sovereign rating, which took place in May. These decisions confirm Banca Transilvania’s macroeconomic forecasts, which predict Romanian bonds yields at 4,1% in 2015 and 3,7% in 2016, also GDP growth is expected to accelerate (4,4% in 2015 and 5,1% in 2016). More on decisions taken and Romanian analysts’ comments can be found here. Tags: Banca Transylvania, JPMorgan