Description
This edition reviews developments in East Asian financial conditions and local currency bond markets. Long-term bond yields declined reflecting a dimming growth outlook while bond issuance achieved a record-high in the second quarter of 2022.
Yields on 10-year local currency government bonds dropped and yield curves flattened due to mounting risks and a dimming economic outlook between 15 June and 24 August. The record-high regional bond issuance during the second quarter was driven mostly by efforts to support economy recovery. Issuance in ASEAN member economies rose to USD418.1 billion, growing 10.3% quarter-on-quarter, accounting for 17.5% of regional bond issuance. The region's aggregate bond stock rose to $22.9 trillion at the end of June. Included in the report are market summaries for the PRC; Hong Kong, China; Indonesia; the Republic of Korea; Malaysia; the Philippines; Singapore; Thailand; and Viet Nam.
Author: Asian Development Bank
Publisher: Asian Development Bank
Published: 09/14/2022
Pages: 96
Binding Type: Paperback
Weight: 0.70lbs
Size: 11.00h x 8.50w x 0.26d
ISBN13: 9789292697341
ISBN10: 929269734X
BISAC Categories:
- Business & Economics | Finance | Financial Engineering
- Business & Economics | Investments & Securities | Bonds
- Business & Economics | Money & Monetary Policy
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