Growth of emerging East Asia bond market moderates in Q1

Singapore

THE local currency (LCY) bond market in emerging East Asia continued to expand in the first quarter of this year to reach US$8.3 trillion at end-March, said the Asian Development Bank (ADB) on Tuesday. Singapore was the largest issuer among Asean members in Q1 2015, it said.

Growth of emerging East Asia LCY bond market moderated on both quarter-on-quarter (q-o-q) and year-on-year (y-o-y) basis, the ADB said. On a y-o-y basis, while it saw robust growth of 10 per cent in 1Q15, this was down from 10.6 per cent y-o-y growth in 4Q14. As for quarterly growth, it was only up 1.6 per cent compared with 2 per cent q-o-q gain in Q4 2014, the ADB said.