Emerging East Asian Local Currency Bond Markets: A Regional Update
Issue: March 2020
The size of emerging East Asia's local currency bond market rose to USD16 trillion at the end of December, higher by 2.4% quarter-on-quarter and 12.5% year-on-year, according to the latest issue of the Asia Bond Monitor. The report also noted that higher risk aversion due to the coronavirus disease 2019 (COVID-19) outbreak and uncertainty in the global economic outlook led most local currency government bond yields to decline in most emerging East Asian markets between 31 December 2019 and 29 February 2020.