We present the third in our series of predictions for the Year of the Rooster. Today: will the Bank of Japan be forced to re-think its 10-year bond yield target?
Asset class in focus: Asian fixed income
Asian bonds posted strong returns last year, but face an uncertain environment given changing US policy and expected Federal Reserve rate rises. Still, they offer relatively high yields.
Software specialist Algomi unveils Asia-Pacific head as part of its global drive to bolster over-the-counter secondary market bond liquidity.
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.
Following the shock exit of its regional head, the fund house outlines plans to build A-share research, boost Asian bond coverage, seek a WFOE licence in Shanghai and open an office in Singapore.
Global debt is less liquid, and Asian bonds more accessible, than in the past, notes Peter Ryan-Kane of Willis Towers Watson. Some clients have acted on the firm's advice.
In partnership with Matthews Asia
A total return strategy can help investors weather any upcoming storm, writes Yu Zhang CFA, portfolio manager at Matthews Asia.
In a video interview, Jim Veneau, head of fixed income for Asia at Axa Investment Managers, outlines his expectations for regional bonds and the possibility of a Bond Connect scheme.
The Swiss multi-family office is buying more Asian high yield and emerging-market debt despite concerns over a strong dollar, but it is wary of US equities.
The Taiwanese insurer has welcomed the US rate hike, but is concerned about global uncertainty. It is buying more emerging-market bonds, with the exception of Chinese debt.
In partnership with Matthews Asia
Investors are allocating their money as if the short-term trend is now the long-term reality, writes Robert Horrocks PhD, Chief Investment Officer, Matthews Asia.
In partnership with State Street Global Advisors
Misgivings over trade disputes, Brexit and US growth continue to be felt in Asian bond markets. But will emerging market assets rally if the US Fed takes a less hawkish stance this year?
As a new round of monetary easing sets in, Asian bonds are coming into greater focus for their higher yields and diversification benefits. Arthur Lau, head of Asia ex Japan fixed income at PineBridge Investments, says to manage today’s market uncertainty active bond selection matters more than ever.
