Not exact matches
The emerging market slaughter will
continue, especially for countries with weaker fundamentals; their equities,
currency and
local currency bonds and foreign
currency bonds bearish slump has not yet reached the bottom.
Continued foreign
currency bond issuance by Asian residents and foreign participation in
local currency bond markets has contributed to this growth.
On the other hand, the S&P Pan Asia Sovereign
Bond Index, which seeks to track the performance of
local -
currency - denominated sovereign
bonds in 10 countries,
continued its plunge this quarter, dropping 2.26 % for the month and 0.15 % YTD as of Dec. 21, 2016.
The S&P Pan Asia
Bond Index, which seeks to track
local currency bonds in 10 countries and is calculated in USD,
continued to be weighed down by the weakness of
local currencies in 2016, dropping 1.86 % for the year.
The size of Asia's
local currency bond markets, as measured by the S&P Pan Asia Bond Index, continued to expand and grew 17 % to reach USD 12.1 trillion in 2
bond markets, as measured by the S&P Pan Asia
Bond Index, continued to expand and grew 17 % to reach USD 12.1 trillion in 2
Bond Index,
continued to expand and grew 17 % to reach USD 12.1 trillion in 2017.
The total
local currency new issuances in the index was only around one - third of last year's rate, as Indonesian sovereigns
continued to tap into different foreign
currency markets; for example, they raised USD 4 billion from its global
bond issuance in the first week of December.