This edition shows emerging market financial conditions weakened as investor risk appetite waned over expected higher-for-longer interest rates. Slower than expected disinflation cast uncertainty on future monetary policy stances and pushed bond yields up in both advanced economies and in emerging East Asia, prompting a $20 billion bond outflow from March to April. Local currency bond issuances contracted 9% in East Asia, totaling $2.2 trillion. Growth in the local currency bond market slowed to 1.4%, reaching $24.7 trillion in the first quarter. Sustainable bond issuances in ASEAN+3 contracted 13.3%, with stock reaching $805.9 billion by the end of March.
| Author: Asian Development Bank |
| Publisher: NA |
| Publication Date: Jun 26, 2024 |
| Number of Pages: NA pages |
| Language: English |
| Binding: Paperback |
| ISBN-10: 9292707779 |
| ISBN-13: 9789292707774 |
