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Asian Bond Watch: Policy shifts support emerging markets debt ahead of elections
A policy U-turn by central banks bolstered bond markets in early 2019 but will key regional elections create some turbulence ahead? State Street Global Advisors’ Kheng-Siang Ng outlines how Asia’s markets are likely to react.
The first quarter of 2019 revealed a marked change in the tone of developed central banks, with the US Federal Reserve (Fed) and the European Central Bank (ECB) adopting a more accommodative stance. This boosted 2019’s bond market rally, suppressed yields even further and increased the value of the global fixed income market.
Kheng-Siang Ng
However, a wave of elections, especially across Asia, could potentially trigger some volatility.
CENTRAL BANKERS MAKE A POLICY U-TUR…
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