ASEAN+3 Asian Bond Markets Initiative Medium-Term Road Map, 2019-2022
The New ABMI Medium-Term Road Map 2019-2022 highlights future directions and major activities, including deepening support for infrastructure finance; promoting green bonds and ASEAN+3 Multi-currency Bond Issuance Framework (AMBIF) bonds; fostering standardization and harmonization of bond-market-related regulations; improving bond market infrastructure to facilitate cross-border transactions; and enhancing collaboration among regional initiatives. It is expected that the efforts under the ABMI will help contribute to regional economic and financial stability, and advance regional financial integration.
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.
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.
Common Understanding on International Standards and Gateways for Central Securities Depository and Real-Time Gross Settlement (CSD-RTGS) Linkages
This report is a technical document by the Cross-Border Settlement Infrastructure Forum (CSIF) to create linkages among payment and securities settlement infrastructures in ASEAN+3. It aims to create a common understanding on international standards and technical specifications for gateways of CSD-RTGS linkages.
Weekly Debt Highlights
Real gross domestic product (GDP) growth moderated in Singapore (1.2% year-on-year [y-o-y]) and Thailand (2.8% y-o-y) in the first quarter of 2019, while it accelerated in Japan (annualized rate of 2.1%). Singapore's manufacturing industry grew 0.1% y-o-y in April, rebounding from a decline of 4.3% y-o-y in March. Consumer price inflation in April rose in Hong Kong, China (2.9% y-o-y) and Singapore (0.8% y-o-y); and was unchanged in Malaysia (0.2% y-o-y) vis-Ă -vis the prior month. Producer prices for goods and services in the Republic of Korea rose 0.3% month-on-month in April. In the Philippines, a balance of payments surplus was registered amounting to USD467 million in April.
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
- The AsianBondsOnline web portal is an ASEAN+3 Initiative supported by the Asian Development Bank and funded by the Ministry of Finance Japan, through the Investment Climate Facilitation Fund. Read more▸.