Local currency bond yield movements in emerging East Asia diverged between 1 June and 15 August due to disparate monetary policies amid global economic uncertainties, according to the latest Asia Bond Monitor. The report notes that strong fundamentals will help shield the region's financial markets from the external headwinds.
ASEAN+3 Bond Market Guide is a comprehensive explanation of the regionâ€™s bond markets. It provides information such as the history, legal and regulatory framework, specific characteristics of the market, trading and transaction (including settlement systems), and other relevant information. The ASEAN+3 Bond Market Guide 2018 Viet Nam is an outcome of the strong support and kind contributions of ASEAN+3 Bond Market Forum members and experts, particularly from Viet Nam.
The Monetary Authority of Singapore slightly increased the slope of the Singapore dollar nominal effective exchange rate policy band last week, amid expectations of continued economic growth and rising inflation. Singapore's economic growth eased in Q3 2018 to 2.6% year-on-year (y-o-y) from the 4.1% y-o-y growth recorded in the previous quarter. Malaysia's Index of Industrial Production growth slowed in August to 2.2% y-o-y from 2.6% y-o-y in July. Expansion in exports was seen in the People's Republic of China in September and the Philippines in August. Current account surplus of Japan and the Republic of Korea both narrowed in August. The official foreign reserves of Singapore reached USD291 billion in September from USD289 billion in August.
China, People's Republic of
Source: China Central Depository & Clearing Co., Ltd. (CCDC)
Source: Indonesia Bond Pricing Agency
Source: Bond Pricing Agency Malaysia
Source: Philippine Dealing & Exchange Corp.
Source: Thai Bond Market Association
Source: Bond Pricing Agency Malaysia, Indonesia Bond Pricing Agency, and Thai Bond Market Association