Asia Bond Monitor June 2023

Download or read book Asia Bond Monitor - June 2023 written by Asian Development Bank and published by . This book was released on 2023-06-16 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This edition presents recent developments in emerging East Asian local currency bond markets and features a special section about how increased climate risk awareness can influence investors' trading decisions. Bond yields in emerging East Asia declined from March to May amid easing inflationary pressures in the region and slower monetary tightening in the United States. The region's local currency bond stock grew 9.1% from a year earlier to $23.8 trillion at the end of March. The increase was largely driven by governments frontloading debt issuance to finance programs to support economic recovery. Corporate bond issuance remained moderate, partly due to higher interest rates.