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.
And the widely anticipated rise in interest rates in the US do you share the consensus view that this will happen in 2015
The ECB has delivered on what it had promised, suggesting it is more...