Low yields in Asia are the new reality: Pyramis

13 Nov 2012

Falling yields in the Asian bond markets are not an indication of overheating but a re-pricing of risk that will become the new normal as developed market crises continue and investors reallocate assets.

Investors have been calling a fixed income bubble since 2009, but lower coupons in Asia are here to stay due to a combination of structurally low global growth, shifting demographics and the increasingly limited affect of policy action on the markets, says Pyramis Global Advisors.

Since 2004, commentators ...

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