Foreign buying of emerging Asian bonds in 2018 fell sharply
In December, South Korea and Indian bonds had the biggest inflows among the five countries, of $1.33 billion and $676 million respectively.

Foreign purchases of bonds issued in five Asian markets in 2018 fell sharply from the previous year, data shows, as the Sino-U.S. trade war and higher U.S. yields prompted many investors to shy away from riskier assets.
Data from central banks and bond market associations showed overseas investors bought a net $10.02 billion in Indonesian, Thai, South Korean, Indian and Malaysian bonds in 2018, compared with $49 billion in 2017.
In December, South Korea and Indian bonds had the biggest inflows among the five countries, of $1.33 billion and $676 million respectively.
TRENDING NOW

Paytm hits 20% lower circuit as firm decides to cut down on small-ticket loans; brokerages slash target prices

FIRST TRADE: Indices take a breather after record rally; Sensex slips over 200 pts; Nifty below 20,900

DP World ILT20: David Warner to star as 2nd season of International League T20 kicks off from January 2024 in UAE - Check Details

Gold and Silver price today (December 7, 2023): check 24k gold price in mumbai delhi chennai kolkata and other cities rbi mpc meet
However, cumulative flows for India and Malaysian bonds in full-year 2018 were negative, the data showed.
U.S. Treasury yields surged last year on the back of four rate hikes by the Federal Reserve, narrowing the interest rate gap between some high yielding Asian bonds and U.S. ones.
Khoon Goh, head of Asia research at ANZ, said U.S.-China trade tensions, Fed rate hikes, wider emerging market concerns, a mid-year spike in oil prices and concerns over global growth were all headwinds impacting flows into Asia bonds last year.
"How these and other developments play out in 2019 will be key to whether portfolio inflows will return," he said.
12:54 pm