sovereign bond

THE BOTTOM LINE

The next financial crisis could start with advanced economies’ sovereign debt

Emerging markets will disproportionately bear the consequences of any such turmoil

The renminbi-denominated note would mark the Chinese government’s first green bond issuance in Hong Kong.

China markets 6 billion yuan green sovereign bond in Hong Kong

The sale would highlight Beijing’s efforts to enhance its environmental credentials

For Jonathan Mondillo, global head of fixed income at Aberdeen, geopolitical risks remain a major concern.

Investors buy the dip in bonds as the sovereign-corporate divide widens: Aberdeen executive

Demand for investment-grade bonds still outstrips supply, with deals being regularly oversubscribed, he adds

Local-currency Thai bonds have lost 4.1% since the end of February, the most after the UK among 29 global markets tracked by Bloomberg.

Thailand’s bond slump seen deepening as inflation concerns mount

The nation is particularly exposed to energy shocks, with more than half of its oil imports sourced from the Middle East

Singapore has hiked its carbon tax rate to five times the previous levy, but tax revenues have only tripled.
ESG INSIGHTS

Issue 189: Carbon tax in an energy crisis; Singapore good timing on green bonds

This week in ESG: Singapore’s carbon tax may have room for relief; Reopened 30-year Singapore green bonds yield 2.57 per cent

Bond traders have flocked to markets with stronger buffers against energy‑driven inflation shocks, including Malaysian sovereign bonds.
ASEAN BUSINESS

Amid an emerging market bond sell-off, traders eye attractive Asean moves

Malaysia and Philippine debt could see inflows, but Iran conflict may keep credit conditions fragile

The fiscal support anchors inflation, buoying Malaysian sovereign bonds and the ringgit as regional peers struggle.

Foreigners chase Malaysian bonds as war hits emerging markets

Global funds buy over US$2 billion in Malaysian bonds as at Mar 19, hitting a 10-month high for inflows

The RBI’s latest measures will add to liquidity injections worth about US$16 billion since early December.

India’s RBI to inject 2 trillion rupees via fresh bond buys, US$10 billion in FX swap

This is to offset the cash drain from its US dollar sales in the currency market to support a weakening rupee

The euro offering comes on the heels of China’s successful US$4 billion  dollar-denominated bond sale about two weeks ago.

China’s euro-denominated sovereign bonds sale sees strongest demand in six years

The offering is around 12.5 times oversubscribed, attracting orders exceeding 50 billion euros

Interest rates may trend lower near term, but there are substantial risks of much higher interest rates over the longer term.
SENSE & CENTS

Mega trends could drive more elevated interest rates over the longer term

High trade tariffs and weak sovereign credit will exert upward pressure on interest rates