FWD, HSBC seek Asia bonds amid lower default risks

The coronavirus pandemic has undoubtedly driven up default risk for fixed-income assets, but some investment experts believe Asian bonds will suffer less than bonds in other markets, offering opportunities. Default rates across bonds are expected to increase given the deterioration in the global economic environment. A lot of industries, especially the oil and gas sectors and consumer-related companies will get hurt, Cecilia Chan, the chief investment officer of fixed income for A…