In Asia, there are so many structural features underpinning the market that I think movements in US interest rates are less of an issue for the region. As such it should be another healthy year after last yearÆs $50 billion in issuance.
In terms of the currency mix, around this time last year, there was a lot of noise about the prospective increase in euro issuance. In my eyes, euro issuance in Asia may grow somewhat, but I donÆt see it as something that you can hang...
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