Asian fixed income: Resilience amid volatility
The prospect of US interest rate hikes has spurred fears of a potential sell-off in global bond markets. Asian fixed income markets have been relatively resilient, despite the recent heightened volatility in US and European bond markets, and we continue to be positive on the asset class outlook going forward.
Valuations and outlook of Asian credit remain attractive
The prospect of US rate hikes along with the recent sell-off in US and European sovereign bonds has caught investors’ attention and raised concerns over the outlook for US dollar denominated Asian credit. While rising yields in the US remain a key risk to Asian bonds, our outlook for Asian credit remains constructive given a friendly mix of moderating global growth and broadly accommodative global central bank policies.
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