Jul
03

Trade War’s Surprise Winner in Asia: Chinese Government Debt

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  • Chinese sovereign notes topped EM Asian returns last quarter
  •  Indonesian debt most exposed due to currency vulnerability

When it comes to Asian sovereign bonds it’s better being at the epicenter of a U.S.-China trade war than on the fringes of the quake radius.

Chinese and South Korean notes are climbing as the rise in protectionism batters their stock markets, drives a flight to safety and, in China’s case, prompts a more dovish monetary policy. Indonesia, India and the Philippines, by contrast, are more removed from the turbulence but are suffering from currency vulnerability due to current-account deficits…

Trade War’s Surprise Winner in Asia: Chinese Government Debt

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Categories : Finance

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