Riding high on large current account surpluses
Countries such as South Korea and Thailand with big surpluses are in a good position to cope with Federal Reserve interest rate increases later in the year
Singapore
WHEN it comes to Asian bonds right now, getting the highest yield does not seem to be the top priority. As investors pile back into emerging debt, the two nations luring the most money have some of the lowest rates.
Foreign funds have pumped US$3.6 billion into South Korean sovereign notes in 2017, the most in developing-nation Asia, while the US$2.2 billion of flows into Thailand are the largest since the same period in 2013. Along with Taiwan, where there are no comparable figures available, the two countries are the only emerging markets in the region with 10-year yields of less than 3 per cent.
Share with us your feedback on BT's products and services
