Strengthening domestic demand combined with dwindling exports has led to a currency depreciation that has left Asian US dollar debt undervalued, according to Citi.
Asian debt valuations are at historically low levels, but unlike during the Asian financial crisis, this is not due to domestic distress. Developed world struggles have been priced in to Asian valuations leaving outstanding relative value in Asia’s US dollar bond markets, according to John Woods, chief Asian
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: firstname.lastname@example.org
Or sign up for a trial to gain full access to the entire site for a limited period.
To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: email@example.com or find out more online here.