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Asian Bond Watch: 2019 struggles with long-term positives and near-term headwinds
Tighter US monetary policy, trade conflicts and political upheaval made 2018 a testing year for Asia and emerging markets. November's recovery in Asian assets left investors wondering if this rally will continue.
Kheng-Siang Ng
The answer to this is likely to be found between longer-term positive factors such as favourable interest rates, the region’s consistently strong fundamentals and recent economic initiatives, and near-term headwinds. Overall, we think the outlook remains positive for Asian local currency bonds in the long run.
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