Asia’s bond market is on pace for a record-breaking year.
The $144.9 billion of bonds sold by issuers in Asia Pacific ex-Japan so far this year is already 70% higher than the same period in 2016, according to Dealogic data. Debt bankers are busier than they have ever been, and investors are getting a diverse range of credits to choose from.
But there are clear hurdles.
The French election, and rising tensions between North Korea and the United States, have raised increased geopolitical risks. The tumbling yields offered by Treasuries suggests investors are becoming bearish’, said a Singapore-based fixed income investor.
...