INSUBCONTINENT EXCLUSIVE:
The Asian dollar bond market is finishing its worst year since 2013
But strong fundamentals in many sectors and expectations for support from policy makers next year mean there are pockets of value, more
investors are saying.
Debt buyers are closely watching for any additional credit easing in China, which could reduce funding pressures for
some borrowers from the nation, the biggest issuer of the securities
Average yield premiums on Asian US currency highyield bonds rose last month to the highest since March 2016, according to a Bloomberg
Colleran, a portfolio manager on emerging market debt at Loomis, Sayles Co
the Asian dollar bond market this year, the notes may outperform other debt markets in 2019 and deliver gains, according to Colleran
Colleran said one of the big concerns is the possibility of increased protectionism
within the Chinese asset management company industry, where spreads have widened to levels that justify taking risks, particularly because
Korea credits on valuation; neutral Indonesia IG.
Jimond Wong, a senior portfolio manager for Asia fixed income at Manulife Asset
stateowned enterprises among picks.
