This edition shows emerging market financial conditions weakened as investor risk appetite waned over expected higher-for-longer interest rates.
Slower than expected disinflation cast uncertainty on future monetary policy stances and pushed bond yields up in both advanced economies and in emerging East Asia, prompting a $20 billion bond outflow from March to April. Local currency bond issuances contracted 9% in East Asia, totaling $2.2 trillion. Growth in the local currency bond market slowed to 1.4%, reaching $24.7 trillion in the first quarter. Sustainable bond issuances in ASEAN+3 contracted 13.3%, with stock reaching $805.9 billion by the end of March.
By:
Asian Development Bank Imprint: Asian Development Bank Dimensions:
Height: 280mm,
Width: 216mm,
Spine: 4mm
Weight: 218g ISBN:9789292707774 ISBN 10: 9292707779 Series:Asia Bond Monitor Pages: 62 Publication Date:26 June 2024 Audience:
Professional and scholarly
,
Undergraduate
Format:Paperback Publisher's Status: Active