The first two months of the year have been incredibly challenging for financial markets, with investors worried that central banks are running out of ammunition to stimulate global growth.
So far, the Asian domestic and G3 currency bond markets appear to have weathered the volatility fairly well.
The region’s largely buy-and-hold investor base has continued to underpin primary and secondary market prices even though issuance levels are down overall and credit spreads are wider.
Many borrowers have also still been able to come to market and take advantage of ultra low US Treasury yields to lock in low absolute cost of funds.
...
¬ Haymarket Media Limited. All rights reserved.
