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Emerging Asia Bonds Draw Global Funds Despite Fed Hike Fears

Emerging Asia Bonds Draw Global Funds Despite Fed Hike Fears
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Emerging Asia Bonds Draw Global Funds Despite Fed Hike Fears Foreign investors are piling back into Asian emerging-market bonds despite renewed Federal Reserve hawkishness, as expectations that regional central banks will keep interest rates elevated support the debt’s yield appeal. Combined inflows into Thailand, Indonesia, India and Malaysia climbed to an over two-year high of $8.2 billion in June, according to data compiled by Bloomberg. That’s helped a broader gauge of local-currency...

Emerging Asia Bonds Draw Global Funds Despite Fed Hike Fears Foreign investors are piling back into Asian emerging-market bonds despite renewed Federal Reserve hawkishness, as expectations that regional central banks will keep interest rates elevated support the debt’s yield appeal. Combined inflows into Thailand, Indonesia, India and Malaysia climbed to an over two-year high of $8.2 billion in June, according to data compiled by Bloomberg. That’s helped a broader gauge of local-currency emerging-market notes outperform peers in Europe, Middle East and Africa as well as Latin America since the US and Iran agreed to an interim peace deal.
Emerging Asia Bonds Draw Global Funds (ORG) Asian (ORG) Federal Reserve (ORG) Thailand (LOCATION) Indonesia (LOCATION) India (LOCATION) Malaysia (LOCATION) Bloomberg (PERSON) Europe (LOCATION) Middle East (LOCATION) Africa (LOCATION) Latin America (LOCATION) US (LOCATION) Iran (LOCATION)
Originally published by Bloomberg Markets Read original →