Copying and distributing are prohibited without permission of the publisher
Local currency bonds see growth
11 February 2010
An explosive growth in local currency bonds shakes up Asian fixed income markets.
Local currency fixed-income markets experienced explosive growth last year in Asia as companies in countries such as China, India and South Korea sought funding amid relatively strong economic conditions and looked to avoid volatility associated with the dollar and Euro.
The results of Greenwich Associates' latest Asian Fixed Income Study reveal that the sudden expansion of local currency bonds, which now make up about half of all fixed-income trading volume across Asia, is having a dramatic impact on franchises of the fixed-income dealers competing for institutional business across the region.
In short: Global banks without a significant presence in local currency markets have been placed...
Access to this content is denied because you are not logged in. Please login to view this content
Already have an account?
Subscribe
Subscribers have unlimited access to all current and archive content. Start your
subscription today - click on the button below.
Free trial
Taking a free trial will give you access to the current issue for two weeks (excluding
some surveys and articles). Start your free trial today.
