On February 27, The Asian Wall Street Journal ran an article that some Asian countries are seeking to create a regional bond market. There has in fact, been quite a bit of discussion about developing an Asian Bond Market. The details of the objectives of creating this market seem to be a bit fuzzy, with discussions ranging from developing, new products which will be branded Asian bonds, to central banks contributing towards a regional bond fund to invest in Asian issues.
For those of us who have been around long enough, there is a feeling of déjà vu - it sounds something like the stillborn Dragon bond initiatives of the early...
