Asian bonds recover after Tokyo slump
After two weeks of white hot conditions for bond issuers at the beginning of the year, the Asian bond market was knocked back this week by profit taking and the spillover effects of the sharp fall of shares on the Tokyo Stock Exchange.
However, yesterday (Thursday) the market recovered much of the ground it had lost, helped by benign US economic data and a recovery in Japanese stocks.
Weak equity markets around the world and higher oil prices started to take the gloss off the region's fixed income market on Monday and
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