Investors Are Pouring Billions Into Emerging Asia's Lowest-Yielding Bonds
- Korea, Thailand both saw global inflows jump in second quarter
- Covid concerns deter investors in India, Indonesia, DBS says
This article is for subscribers only.
Emerging-Asia investors are betting lower-yielding bonds are set to outperform -- and with good reason.
A Bloomberg study of two of the region’s lowest-yielding markets -- South Korea and Thailand -- and two of the highest -- Indonesia and India -- reveal the former lured in vastly more funds last quarter, and they also offered wider spreads over U.S. Treasuries compared with their historical averages.