Asian corporates risk taking USD funding for granted
Clifford Lee of DBS highlights geopolitical tensions and says what is missing among businesses in Asia is a sense of "paranoia"
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AS VOTE tallies in the US elections spilled into headlines over several days in November, DBS's chief dealmaker in bonds was hardly keen to place bets on the final victor.
Not that the eventual win by Joe Biden is a mere footnote in 2020, in itself a year of tumultuous change. It is that the top risk of geopolitical tensions still dangles over Asia like a chandelier of knives, according to Clifford Lee, DBS's global head of fixed income.
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