Rising fears of a double-dip recession and the escalation of the European debt crisis have kept markets volatile, but the consensus among analysts is that bonds, in selective cases, offer good opportunities for global investors.
Asian bond markets, according to a Schroders report last week, are supported by high interest rates and global demand for safe assets. “More than half of the bond market is made up of countries which have very high GDP per capita and very high liquidity as well,” said Rajeev De Mello, head of Asian fixed income at Schroders.
Indeed, 83% of bonds within HSBC’s Asian local bond index are issued by...
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