Asian bonds: imbalances persist

Heavy issuance clouds relative value perceptions in secondary markets as the gap widens between the fortunes of investment grade and high yield transactions.

Asia’s international bond markets are witnessing a bifurcation that is opening up opportunities for the region’s higher rated issuers - but not for its lower rated ones - as investors become ever more selective in the run up to the year-end.

¬ Haymarket Media Limited. All rights reserved.

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