HKD bonds to suffer from US dollar peg

Asia’s local currency bond markets are set to benefit from FX appreciation potential. One exception is Hong Kong where the US dollar peg will expose the tightly priced domestic bond market to interest rate risk.

  • 24 Jan 2013
The Hong Kong dollar bond market lacks the currency appreciation potential that will drive local currency bond performance across the rest of Asia, while it will be exposed to growing US dollar interest rate risk.

When combined with already-tight yield levels, these factors are likely to lead the ...

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Rank Lead Manager Amount $m No of issues Share %
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2 Citi 16,648.84 65 9.86%
3 HSBC 14,502.17 79 8.59%
4 Deutsche Bank 10,659.15 37 6.31%
5 Standard Chartered Bank 8,423.03 47 4.99%

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5 Morgan Stanley 2,629.01 9 7.51%

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