Morgan Stanley tops first half table for DCM

As the Asian debt capital markets begin the back nine, Morgan Stanley tops the leaderboard following a couple of late master strokes.

At the end of the first half of 2006, the performance of the Asian debt capital markets has been a story of two halves, or more specifically two quarters. For the first three months, the markets were enjoying a gush of liquidity, spreads were at worst steady รป with top flight issuers consistently beating their respective curves - and issuance was fluid.

The first few months of 2006 had all the makings of a career year for the Asian debt...

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