KUALA LUMPUR, June 25 (NNN-Bernama) — Bond yields in emerging East Asia diverged due to market-specific factors, while uncertainty on the COVID-19 pandemic and concerns over inflationary pressure led to subdued investor sentiment, said the latest issue of the Asian Development Bank\u2019s (ADB) Asia Bond Monitor.<\/p>\n\n\n\n
It said yields on short-term (two-year) government bonds from Feb 28 to May 21 largely declined on the back of accommodative liquidity conditions while uneven recovery paths and market-specific economic fundamentals caused long-term (10-year) government bond yields to diverge across the region.<\/p>\n\n\n\n
In a statement Friday, ADB chief economist Yasuyuki Sawada said persistent uncertainty surrounding the COVID-19 pandemic and looming inflationary pressure had put a dent in emerging East Asia\u2019s bond markets, leading to volatility and mixed performances in the region\u2019s financial and equity markets.<\/p>\n\n\n\n
\u201cThe region\u2019s fast-expanding sustainable bond markets, underpinned by a growing interest in a green and inclusive recovery and conducive public policies, will be key to the region\u2019s efforts to rebuild smarter after the pandemic,\u201d he said.<\/p>\n\n\n\n
According to Asia Bond Monitor, the COVID-19 pandemic remains the biggest risk to East Asia\u2019s bond markets with renewed outbreaks, the emergence of new virus variants, and slower-than-expected vaccine rollouts in some markets may hamper economic activity.<\/p>\n\n\n\n
It noted that concerns that the US Federal Reserve might tighten monetary policy in response to growing inflationary pressure were weighing on financial conditions in the region.<\/p>\n\n\n\n
The report noted that China, Hong Kong, Indonesia and Vietnam posted declines in yields on both short-term and long-term government bonds, while South Korea, Malaysia, and the Philippines posted increases.<\/p>\n\n\n\n
Meanwhile, sustainable bond markets in ASEAN plus China, Hong Kong, Japan, and South Korea totalled US$301.3 billion (US$1=RM4.155) at the end of the first quarter, growing 13.2 per cent from the previous quarter and 44.5 per cent from a year earlier.<\/p>\n\n\n\n
The region\u2019s market now accounts for about 20 per cent of the global sustainable bond market, making it the largest after Europe\u2019s.<\/p>\n\n\n\n
— NNN-BERNAMA<\/p>\n","protected":false},"excerpt":{"rendered":"
KUALA LUMPUR, June 25 (NNN-Bernama) — Bond yields in emerging East Asia diverged due to market-specific factors, while uncertainty on the COVID-19 pandemic and concerns over inflationary pressure led to subdued investor sentiment, said the latest issue of the Asian Development Bank\u2019s (ADB) Asia Bond Monitor. It said yields on short-term (two-year) government bonds from […]<\/p>\n","protected":false},"author":17,"featured_media":92729,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[215,288,300],"tags":[],"_links":{"self":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts\/127996"}],"collection":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/users\/17"}],"replies":[{"embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=127996"}],"version-history":[{"count":0,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts\/127996\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/media\/92729"}],"wp:attachment":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=127996"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=127996"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=127996"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}