Treasury & Capital Markets
Astute Investors react to challenging times
Rising offshore rates, risk returns concerns, lack of new issues, secondary market liquidity
Asset Benchmark Research
22 Sep 2022
Fund managers in Asia’s local currency bond markets have one eye on US treasuries and the other on domestic monetary policy. But post-Covid, the correlation has weakened. Inflation is generally less of a problem in Asia; and, since governments in the region did not deploy such massive fiscal stimulus programmes as others did elsewhere, debt-to-GDP ratios are under control. But they are still challenging times for investors.