U.S-based Invesco bullish on India debt, prefers long-term bonds, fund manager says

MUMBAI, Aug 24 (Reuters) - Invesco, one of the world's largest asset managers, is bullish on Indian government bonds despite a delay in their inclusion in a key Bloomberg index and favours longer-dated debt, a senior fund manager said.

India's stable fiscal outlook and steep yield curve make long-term bonds attractive, said Norbert Ling, head of fixed income portfolio management for Asia Pacific.

"The yield curve remains reasonably steep, offering more attractive carry and roll-down opportunities versus the front end," he told Reuters via email.

Invesco manages $2.45 trillion in assets globally.

India's benchmark 10-year government bond yield is around 6.87%, compared with about 6.49% for the five-year bond. Bonds maturing in 30 years or more yield about 7.45%-7.55%.