Asia Bond Monitor
March 2019
Local currency government bond yields in emerging East Asia trended downward between 28 December 2018 and 15 February 2019, according to the latest Asia Bond Monitor. Bond yields edged lower partly driven by expectations that the United States Federal Reserve will slow its pace of monetary tightening in 2019. The report also noted the size of emerging East Asia's local currency bond market surpassed USD13 trillion at the end of December.
ASEAN+3 Bond Market Guide 2018
Viet Nam
ASEAN+3 Bond Market Guide is a comprehensive explanation of the region's bond markets. It provides information such as the history, legal and regulatory framework, specific characteristics of the market, trading and transaction (including settlement systems), and other relevant information. The ASEAN+3 Bond Market Guide 2018 Viet Nam is an outcome of the strong support and kind contributions of ASEAN+3 Bond Market Forum members and experts, particularly from Viet Nam.
Weekly Debt Highlights
The Bank of Japan (BOJ) left its monetary policy stance unchanged at its 14-15 March meeting. During the meeting, the BOJ kept its key short-term interest rate target at -0.1% and its 10-year Japanese Government Bond yield target at 0%, with some room for fluctuation. The BOJ also left unchanged the annual targets for its asset purchase program. In the first 2 months of 2019, the People's Republic of China's (PRC) industrial production grew 5.3% year-on-year (y-o-y) after growing 5.7% y-o-y in December. Fixed-asset investment in the PRC grew 6.1% y-o-y in January-February versus 6.3% y-o-y in full-year 2018. Hong Kong, China's industrial production index for manufacturing rose 1.3% y-o-y in the fourth quarter of 2018, up from the 1.2% y-o-y increase in the previous quarter. Malaysia's industrial production growth slightly slowed to 3.2% y-o-y in January from 3.4% y-o-y in December.
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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