A US default seems not to have been priced in by Asian investors, despite the current government shutdown. Whatever else happens, QE tapering seems likely to be postponed.
Tag : lian chia-liang
The firm will soon roll out a Dublin-domiciled Asian fixed income product. It also expects more Japanese money to flow offshore and sees Philippine bonds as particularly attractive now.
Asian fixed income has hit record levels of foreign ownership, but stickier offshore investors should preclude a 1997-style crash, says Western Asset's Lian Chia-Liang.
Western Asset debates the durability of the recent shift in power from rich industrialised countries to emerging markets.
The US house’s head of Asian fixed income says a renewed focus on the region’s bonds should result in a change in how they are priced and traded, amid a strong home bias.
Western Asset has hired Lian Chia-Liang to head its Asian fixed-income investment team in Singapore.