Foreigners sell Asian bonds for third straight month in June - Reuters
|Reuters reports that the latest data from central banks and bond market associations showed that the confidence in the Asian bonds dipped significantly for the third straight month, mainly due to the concerns that increasing trade frictions between the US and China will disrupt the region’s economic growth.
Key Points:
“Foreigners sold a total of $1.9 billion of bonds from India, Indonesia, Thailand, South Korea and Malaysia in the last month.
In June, Malaysian bond markets led with $1.65 billion of foreign sales, while Indian bonds saw $1.6 billion of outflows due to concerns over its high inflation and trade deficits.
However, Indonesian markets saw reduced outflows, thanks to the central bank hiking its policy rates by a total of 100 basis points in six weeks, between May 17 and June 29.”
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