Asia Bond Monitor - September 2022

By Asian Development Bank

This edition reviews developments in East Asian financial conditions and local currency bond markets. Long-term bond yields declined reflecting a dimming growth outlook while bond issuance achieved a record-high in the second quarter of 2022.

Yields on 10-year local currency government bonds dropped and yield curves flattened due to mounting risks and a dimming economic outlook between 15 June and 24 August. The record-high regional bond issuance during the second quarter was driven mostly by efforts to support economy recovery. Issuance in ASEAN member economies rose to USD418.1 billion, growing 10.3% quarter-on-quarter, accounting for 17.5% of regional bond issuance. The region's aggregate bond stock rose to $22.9 trillion at the end of June. Included in the report are market summaries for the PRC; Hong Kong, China; Indonesia; the Republic of Korea; Malaysia; the Philippines; Singapore; Thailand; and Viet Nam.

• Format: Paperback
• Language: English
• ISBN: 929269734X
• ISBN13: 9789292697341
• Release Date: January 2023
• Publisher: Asian Development Bank
• Length: 96 Pages
• Weight: 0.70 lbs.
• Dimensions: 0.3" x 8.5" x 11.0"