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Asia Bond Monitor - September 2022, Paperback / softback Book

Asia Bond Monitor - September 2022 Paperback / softback

Part of the Asia Bond Monitor series

Paperback / softback

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.

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