Asian investors look for opportunities beyond local bonds

The tightening of US monetary policy and other global disruptions have slowed the growth of the local bond markets in East Asia’s emerging economies, prompting investors to seek alternative solutions during this period of market volatility.   The growth of local currency (LCY) bonds in these markets in the first three months of 2022 slowed to 3.1% quarter-on-quarter to reach $23.5 trillion at the end of March, according to an Asian Development Bank (ADB) report released on June 27…