| East Asia’s local currency bond markets are still expanding, but risks to the outlook are rising given the prospects of a tighter US monetary policy, slower economic growth in Asia and persistent capital outflows, according to the latest Asia Bond Monitor quarterly from the Asian Development Bank (ADB).
“Asia’s bond markets and its borrowers are better placed to stand up to this latest round of global volatility than they were in 1997-1998 but tough times certainly lie ahead,” ADB office of regional economic integration head Iwan J. Azis said in an official release...............................................Full Article: Source |