Fixed-income investors in the Asia-Pacific region are most concerned about reduced monetary stimulus by global central banks and its effect on credit conditions, according to a survey by ratings agency Fitch.
As many as 87% of respondents believe a reduction of quantitative easing is the main risk, although the US Federal Reserve Fed said it would not yet start tapering asset purchases.
“There was only a modest relaxation of participant views after this date,” said Monica Insoll, managing director for credit market research at Fitch. “Although financial assets in the region have recovered since mid-September, there is plenty of portfolio capital still in emerging Asia which...
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