Mukul Munish

The large number of emerging market bonds that are due to mature over the next five quarters raises the prospect of high-profile defaults.

Global leaders, led by Gordon Brown and Nicolas Sarkozy, are pushing for a reform of the international financial system.

Interbank rates in Asia have come down considerably, but recession remains a threat and the risk of high-profile defaults is becoming a reality.

Joint efforts made by governments all over the world may help in reviving the wounded debt markets.

Korea intends to launch its biggest offer of foreign currency-denominated bonds since 1998, once its currency stabilises.

Despite coordinated efforts by US, European and Asian governments, credit markets in Asia remain anaemic.

Duke Choi will be responsible for overseeing the Korean fixed-income markets business including interest rate derivatives, foreign exchange and commodities.

Morgan Stanley's Gregory Peters warns that Asian economies are not immune as the global economy slides into recession.

Hong Kong leads other central banks in cutting interest rates to boost liquidity and stem the plunge in global stockmarkets.

Conglomerate Legend Holdings raises $293 million through a seven-year renminbi-denominated bond, while a challenging market environment prompts the PBOC to cut rates again.