Asia’s low bond liquidity raising risks, say investors

Liquidity in Asia’s dollar-denominated bonds has become a rising risk factor, due to a cocktail of the global hunt for yield, tougher bank capital rules and a drop in issuance, say investors, who are discussing ways this might be resolved. Ashley Perrott, head of fixed income for pan-Asia at UBS Asset Management, said liquidity had become a key risk concern in the mind of investors. He was speaking at a webinar organised by AsianInvestor and data provider Markit. “When you ask r…