Emerging East Asian Local Currency Bond Markets: A Regional Update
Issue: November 2020
Emerging East Asia’s local currency bond market rose to USD18.7 trillion at the end of the third quarter of 2020, according to the latest issue of the Asia Bond Monitor. Between 31 August and 6 November, investor sentiment improved amid economic recovery among major advanced economies in the third quarter. Bond yields fell at the shorter end for nearly all emerging East Asia bond markets due to an easy monetary policy environment while longer tenors were mixed. This issue of the Asia Bond Monitor includes a special section on how green and social bonds can contribute to a sustainable economic recovery from the coronavirus pandemic.