The Business Times

Some Asian bonds better than Western counterparts

Asian high-grade credit also outshines equities on total returns basis

Published Wed, Apr 30, 2014 · 10:00 PM
Share this article.


SOME Asian bonds proved to be a better investment than similar bonds from the US and Europe in the first quarter given their higher spread, an Asifma (The Asia Securities Industry and Financial Markets Association) report said on Tuesday.

At the end of the first quarter, Asian high-grade bonds on a composite basis were quoted at an average spread of about 185 basis points (bps), while similar US and European bonds issued were quoted at average spreads of 119 bps and 113 bps respectively.

These refer to Asian bonds denominated in the G-3 currencies - the greenback, the euro and the yen - and exclude debt issued in Japan, Australia and New Zealand. High-yield bonds in Asia posted higher spreads than those in the West as well.…

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to

New Articles


Get the latest coverage and full access to all BT premium content.


Browse corporate subscription here