Asian Local Currency Bond Markets
14 Pages Posted: 8 May 2012 Last revised: 29 Sep 2013
Date Written: June 1, 2004
The liquidity of Asian local currency bond markets varies with overall size, turnover, issue size and dispersion of holdings. Recently, returns on higher-yielding instruments have led local currency bonds to outperform US Treasuries in aggregate.
JEL Classification: E440, G150, H630, O160
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