Western Asset bets on Asian corporate bonds

The worst period of risk aversion is over and Asian corporate bonds now offer some of the highest current liquidity premiums with the best macroeconomic fundamentals, according to Western Asset Management, the global fixed-income manager wholly owned by Legg Mason. ôAll sectors of Asian local bonds look attractive at current levels. Government bonds have rallied but monetary policy will likely remain loose and inflation should be dampened by lower commodity prices and weaker growth,ö …