Asian corporate credits are oversold: Morgan Stanley

The US investment bank believes that Asian corporate bonds spreads have fallen too far and should rebound due to reduced supply.

  • 21 Sep 2011

Morgan Stanley believes the recent sell-off in Asian corporate bonds is overdone, especially among financial sector bonds.

It expects the financial sector's commitment to cut debts will reduce net supply and hence help tighten the spreads.

The US investment bank says that even lower growth expectations and higher recession ...

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