Growing opportunities in East Asian local currency bond markets

Having grown considerably over the past decade, the East Asian local currency government bond market has become an asset class that global investors should find hard to ignore. Today, the markets that make up the ABF Pan Asia Bond Index have a total market capitalisation of about US$7.5 trillion1, a very significant part of the global bond universe. “To put some context around those numbers, the investable US high yield corporate bond universe totals about US$1.5 trillion2”, said …