Low oil price has less impact on Asia consumers

Joel Kim, head of fixed income for Asia Pacific at BlackRock, tells FinanceAsia why the drivers for Asian fixed income are strong.

Of the big macro themes, which is the most relevant now for Asian fixed income?
Markets remain policy-driven but we are experiencing policy divergence. The [European Central Bank] has made its move [by announcing a €1.1 trillion ($1.2 trillion) bond-buying stimulus programme], which further contrasts [with] the economic liftoff in the US. The US’s return to growth is to some extent a drag on Asian bond markets.


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