Asia Bond Monitor – September 2022

This edition reviews developments in East Asian financial conditions and local currency bond markets. Long-term bond yields declined reflecting a dimming growth outlook while bond issuance achieved a record-high in the second quarter of 2022. Yields on 10-year local currency government bonds dropped and yield curves flattened due to mounting risks and a dimming economic outlook between 15 June and 24 August. The record-high regional bond issuance during the second quarter was driven mostly by efforts to support economy recovery. Issuance in ASEAN member economies rose to USD418.1 billion, growing 10.3% quarter-on-quarter, accounting for 17.5% of regional bond issuance. The region's aggregate bond stock rose to $22.9 trillion at the end of June. Included in the report are market summaries for the PRC; Hong Kong, China; Indonesia; the Republic of Korea; Malaysia; the Philippines; Singapore; Thailand; and Viet Nam.

• | Author: Asian Development Bank
• | Publisher: Asian Development Bank
• | Publication Date: Sep 14, 2022
• | Number of Pages: 96 pages
• | Language: English
• | Binding: Paperback
• | ISBN-10: 929269734X
• | ISBN-13: 9789292697341