Issue: November 2010A rapid rise of corporate bond issuance in emerging East Asia has driven the region's local currency bond markets to grow to just over $5 trillion at the end of September. The corporate bond market of emerging East Asia grew by 23.8% year-on-year and 5.7% on a quarter-on-quarter basis to reach $1.6 trillion. Local currency government bonds in emerging East Asia totaled $3.550 trillion at the end of September, 14.6% higher year-on-year and 1.9% higher quarter-on-quarter. This slower growth came with many countries now paring their fiscal stimulus packages and with some central banks opting to slow sterilizing bond sales.