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.
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
Real gross domestic product (GDP) growth in Indonesia was 5.05% year-on-year (y-o-y) in the second quarter (Q2) of 2019, buoyed by domestic consumption and broadly unchanged from 5.07% y-o-y in the first quarter (Q1). Japan's GDP expanded at an annual rate of 1.8% y-o-y in Q2 2019 after gaining 2.8% y-o-y in Q1 2019. Real GDP growth in the Philippines slightly eased to 5.5% y-o-y in Q2 2019 from 5.6% y-o-y in Q1 2019. Last week, the Bangko Sentral ng Pilipinas cut the interest rate on its overnight reverse repurchase facility by 25 basis points to 4.25%. The interest rates for the overnight deposit and lending facilities were also reduced to 3.75% and 4.75%, respectively. On 7 August, the Monetary Policy Committee of the Bank of Thailand cut its policy rate by 25 basis points to 1.5%.
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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