DBS jumps to 8th spot in Asia ex-Japan bond stakes

Singapore

DBS Bank has leapfrogged over some of Wall Street's bulge bracket firms to take a larger share in the Asia bond stakes amid a gangbuster year for the region's bond market.

South-east Asia's largest bank is now in eighth position in the Asia ex-Japan G3 (USD, euro, yen) league table. It took the 14th spot last year. DBS is ahead of UBS and Morgan Stanley.

The only other Asian bank in the top 10 league table is fourth-ranked Bank of China.

The Asia ex-Japan G3 market so far this year has been up an impressive 56 per cent fuelled by China's insatiable appetite for debt to fund all manner of expenditure from infrastructure developmen…