local currency

Who's afraid of Ben Bernanke? Hints of Fed tapering sparked a sell-off in emerging market bonds, but most of the outflow came from mutual funds.

As China rebalances its reserves away from dollars, Jerome Booth, head of research at asset manager Ashmore, predicts a boom in local currency bond markets.

The Singapore dollar-denominated transaction is well received by insurance companies in particular, despite pricing at a tight spread.