Emerging East Asia countries should use the window of opportunity opened by the delay in US policy normalization to strengthen their economies and financial systems, the latest quarterly Asia Bond Monitor from the Asian Development Bank (ADB) urges. Emerging East's LCY bonds outstanding in 3Q13 grew 2.4% quarter-on-quarter and 12.5% year-on-year to reach US$7.1 trillion.
The 2013 AsianBondsOnline Bond Market Liquidity Survey results show that the average bid ask spread for government bonds in the region as a whole remained the same as in 2012, while turnover ratios for government bonds fell in most markets. This year's survey identified investor diversity to be the most important structural issue for markets in the region and received 106 responses from government bond market participants and 72 responses from corporate bond market participants.
Read the full report - http://asianbondsonline.adb.org/documents/abm_nov_2013.pdf?src=newsletter&id=uWidK3KdmgXVUWes9IgIcqKp1miwxx
Read the highlights - http://asianbondsonline.adb.org/documents/abm_nov_2013_highlights.pdf?src=newsletter&id=uWidK3KdmgXVUWes9IgIcqKp1miwxx
Read the news release - http://www.adb.org/news/asia-should-strengthen-economies-financial-systems-adb-bond-report?src=newsletter&id=uWidK3KdmgXVUWes9IgIcqKp1miwxx
Watch the video - http://www.adb.org/news/videos/asia-should-prepare-us-tapering-ahead
Read past issues - http://asianbondsonline.adb.org/regional/abm.php?src=newsletter&id=uWidK3KdmgXVUWes9IgIcqKp1miwxx