S&P DJ Indices teams up with Deutsche Bank to co-brand offshore RMB bond gauge

S&P Dow Jones Indices and Deutsche Bank have launched a co-branded offshore renminbi (RMB) bond index, the S&P-DB ORBIT Index, to offer market participants a benchmark of the offshore renminbi-denominated fixed income market. "The offshore RMB bond market continues to grow as the bonds are popular vehicles among offshore investors looking to gain exposure to both the yuan and debt markets in China," said James R Rieger (pictured), vice president of fixed income indices at S&P Dow Jo