East Asia local bond growth forecast to slow
Domestic currency debt markets in emerging East Asia surged in the third quarter, with corporate bonds to the fore. But the Asian Development Bank is predicting a slowdown in the rate of growth, with regional governments potentially looking at exit strategies.
Local currency bond markets in emerging East Asia grew strongly in the third quarter, but coming months could see the pace slow, the Asian Development Bank (ADB) says.
At the end of September, total outstanding local currency bonds in emerging East Asia stood at US$4.2 trillion, according to
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