Why supply is weighing heavily on Asian DCM

After struggling to digest a wave of issuance from Chinese property developers, Asian G3 bond markets await equally strong deal flow from LGFVs that will reverberate around the region.
Crowding out the competition
Crowding out the competition
May 04, 2018

The supply/demand imbalance in Asia’s G3 bond markets reached a new peak in April as Asian borrowers piled into the market to try and stay ahead of rising US Treasury yields, resulting in spread widening across the board.

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