Not so fast: Investors rein in banker exuberance
The dark clouds of volatility and uncertainty that had loomed over the Asian bond market for months finally cleared this week as bankers welcomed $3.7bn of issuance in the second busiest week since US quantitative easing tapering fears took hold in late May.
The temporary resolution of the US government shutdown and debt ceiling impasse last week has driven a wave of relief through the market and sent investors scurrying to put to work the cash they had been hoarding. But their enthusiasm still has limits: the most aggressive trades are
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