Emerging East Asian Local Currency Bond Markets: A Regional Update
Issue: November 2021
Global inflation concerns pushed bond yields up in emerging East Asia between 31 August and 5 November according to the latest issue of the Asia Bond Monitor. Local currency bonds outstanding rose to USD21.7 trillion at end-September 2021. ASEAN+3 sustainable bond market expanded to USD388.7 billion at the end of the third quarter, accounting for nearly 19.2% of the global sustainable bond market. This issue of the Asia Bond Monitor features special boxes on emerging East Asia’s economic outlook, possibility of another taper tantrum, and risk outlook. A theme chapter on price differences between labeled and unlabeled green bonds is also presented.