Volatile rates crimp LCY Asian credit markets

Asia’s international bond market is not the only one reeling from a jump in yields that has culminated from fears that US Federal Reserve chairman Ben Bernanke is ready to taper quantitative easing.

  • By Frances J. Yoon
  • 08 Jul 2013

Bonds denominated in local currencies such as the Singapore dollar, Korean won, Malaysian ringgit and Philippine peso have also witnessed soaring yields and nosediving prices as investors became more convinced that the days of ultra-low rates are gone.

Economic indicators that bankers and investors hoped would add a sense of stability have actually ...

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4 HSBC 4,900.29 32 5.18%
5 BNP Paribas 4,712.84 24 4.98%

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5 ING 1,477.05 5 6.44%

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5 Morgan Stanley 1,381.20 11 6.82%

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2 UniCredit 1,892.23 6 7.63%
3 Bank of America Merrill Lynch 1,585.30 5 6.39%
4 Mitsubishi UFJ Financial Group 1,577.41 6 6.36%
5 ING 1,477.05 5 5.96%