Asian USD debt undervalued and will outperform: Citi

04 Jul 2012

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 ...

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