Asia Bond Monitor
Local currency government bond yields fell in most markets in emerging East Asia between 1 March and 15 May, according to the latest Asia Bond Monitor. Bond yields declined amid a slowing world economy, global trade tensions, and other downside risks. The report also noted the region's bond market reached a size of USD15.0 trillion at the end of the first quarter of 2019.
32nd ASEAN+3 Bond Market Forum (ABMF) Meeting and
19th Cross-Border Settlement Infrastructure Forum (CSIF) Meeting
China Capital Market Institute (CCMI)
Shenzhen, People’s Republic of China
17-18 October 2019
Good Practices For Developing a Local Currency Bond Market: Lessons from ASEAN+3 Asian Bond Markets Initiative
This report shares the experiences of ASEAN+3 and provides a comprehensive picture on fostering a local currency bond market. Although every market is unique, some lessons from the region's varied experiences could still be drawn on how to expedite the process of bond market development in a developing economy.
ASEAN+3: Asian Bond Markets Initiative Medium-Term Road Map, 2019–2022
May 2019
Weekly Debt Highlights
Consumer price inflation decelerated in the Philippines (1.7% year-on-year [y-o-y]) and in Thailand (0.5% y-o-y) in August, while it rose in Indonesia (3.5% y-o-y) and was unchanged in the Republic of Korea (0.0% y-o-y). The Republic of Korea’s gross domestic product growth for the second quarter of 2019 was revised downward to 2.0% y-o-y higher than the 1.7% y-o-y growth posted in the first quarter of 2019. The Purchasing Managers Index of Singapore marginally increased to 49.9 in August from 49.8 in July. Malaysia’s trade surplus in July increased to MYR14.3 billion from MYR10.3 billion in June. The Republic of Korea’s current account surplus widened to USD6.9 billion in July from USD6.4 billion in June. On 5 September, Fitch Ratings Inc. downgraded Hong Kong, China’s issuer default rating to AA with a negative outlook, after months of antigovernment protests.
Data Highlights of the Month
Market Watch
Research
Bond Pricing Data
China, People's Republic of
Source: China Central Depository & Clearing Co., Ltd. (CCDC)
Indonesia
Source: Indonesia Bond Pricing Agency
Malaysia
Source: Bond Pricing Agency Malaysia
Philippines
Source: Philippine Dealing & Exchange Corp.
Thailand
Source: Thai Bond Market Association
- Corporate Securities - Corporate Securities Board Summary
- Government Bond Yield Curve
- Corporate Bond Yield Curve
ASEAN+3 Region
Source: Bond Pricing Agency Malaysia, Indonesia Bond Pricing Agency, and Thai Bond Market Association
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