Asia Bond Monitor
The size of emerging East Asia’s local currency bond markets reached USD15.2 trillion at the end of September, according to the latest issue of the Asia Bond Monitor. The report also noted that the protracted trade dispute between the People’s Republic of China (PRC) and the United States and a sharper-than-expected economic slowdown in advanced economies and the PRC pose as the biggest downside risks to the region’s financial stability.
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
In Hong Kong, China, final figures showed that gross domestic product (GDP) contracted 2.9% year-on-year (y-o-y) in the third quarter (Q3) of 2019, following tepid 0.4% y-o-y growth in the second quarter (Q2). In seasonally adjusted quarter-on-quarter (q-o-q) terms, Hong Kong, China’s GDP contracted 3.2% q-o-q in Q3 2019 following a 0.5% q-o-q drop in Q2 2019. Japan’s GDP growth rate decelerated to an annualized rate of 0.2% in Q3 2019 from 1.8% annualized growth in Q2 2019. In Malaysia, GDP growth eased to 4.4% y-o-y in Q3 2019 from 4.9% y-o-y in Q2 2019. Last week, the Monetary Board of the Bangko Sentral ng Pilipinas decided to leave its key interest rates unchanged, supported by the benign inflation outlook and solid economic growth prospects.
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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