Volatile rates clobber local currency bond markets

Asia’s international bond market is not the only one reeling from the jump in yields arising from fears that US Federal Reserve chairman Ben Bernanke is ready to taper quantitative easing.

  • By Rashmi Kumar
  • 12 Jul 2013

Bonds denominated in local currencies such as the Singapore dollar, Korean won, Malaysian ringgit and Philippine peso have also witnessed soaring yields and nose-diving prices as investors have become more convinced that the days of ultra-low rates are gone.

Economic indicators that bankers and investors hoped would add ...

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All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 129,269.31 559 7.25%
2 Bank of America Merrill Lynch 116,844.07 527 6.55%
3 Citi 102,446.44 529 5.74%
4 Goldman Sachs 85,119.89 347 4.77%
5 Barclays 80,200.18 348 4.49%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 22,124.11 100 8.73%
2 Barclays 19,647.01 74 7.76%
3 Deutsche Bank 17,369.20 70 6.86%
4 HSBC 15,446.24 67 6.10%
5 SG Corporate & Investment Banking 14,434.81 77 5.70%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 5,335.13 43 7.91%
2 Goldman Sachs 4,721.48 37 7.00%
3 Deutsche Bank 4,563.62 43 6.77%
4 Credit Suisse 4,353.57 48 6.46%
5 Barclays 4,075.90 34 6.05%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 26,677.53 209 10.82%
2 Citi 20,598.64 163 8.36%
3 Bank of America Merrill Lynch 20,434.33 181 8.29%
4 Goldman Sachs 18,169.20 130 7.37%
5 Morgan Stanley 17,353.91 102 7.04%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Deutsche Bank 22,260.86 71 6.71%
2 HSBC 21,999.17 96 6.64%
3 Barclays 21,487.74 90 6.48%
4 BNP Paribas 20,967.30 101 6.32%
5 Citi 18,975.16 77 5.72%