International investors say that higher interest rates in the US are a “bad thing” and a key risk to Asian credit performance during 2014, according to a Morgan Stanley report published on Wednesday. Even so, investors should keep an eye out for windows of opportunity in the region’s fixed income market.
Many market participants are predicting that the US Federal Reserve will start tapering during the first quarter next year, which they say will result in a stronger US dollar and an upward trend in Treasury yields.
Morgan Stanley agrees. The bank says that 10-year yields will touch 3.45% by the end of next year and that...
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