International bond markets burst back into life in Asia on Tuesday as at least eight Asian companies braved a risk-averse climate, collectively raising close to $6 billion in a single day.
Market conditions were less than ideal as investors fretted about the looming presidential elections in France and escalating US-North Korean tensions, which boosted demand for safe-haven assets and pushed 10-year US Treasury yields down to five-month lows.
However, Bank of China was among those unfazed by the increased volatility after it sold a $3 billion multi-currency deal, which the lender dubbed Silk Road bonds in honour of...
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