Emerging Asia bonds lose favour amid elevated US interest rates

Sovereign bonds in Asia’s emerging markets seem less attractive than before, against a backdrop of raised interest rates in the US and other developed countries. Chuan Lim Swiss Re Swiss Re is among those asset owners that have readjusted their appetite to emerging markets, according to Chuan Lim, head of Asia and emerging markets investment strategy at Swiss Re Asset Management. “With higher yields and a stronger dollar, that hasn’t been great for EM (emerging marke…