Asian bond markets: a case of who'll blink first?

Borrowers need funds, but the buy-side and sell-side remain divided over whether investors will have to deploy cash before the year-end.

A resolution to the current supplydemand imbalance plaguing Asia’s international bond markets does not appear to be any closer. October was yet another month of low primary market subscriptions and poor secondary market performance.

In some ways it's a question of who’ll blink first,” said Clifford Lee, head of Asian fixed income at DBS in Singapore. “Will it be issuers, which need to access the market, or investors, which are sitting on large cash piles they need to re-invest before year-end”

Yet even when issuers accept that they have to offer bargain basement pricing, few investors seem to feel compelled to place orders,...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222