Asian Bond Buyers Get Hungrier, If Not More Adventurous
- Demand for high-grade bonds surpasses high-yield in September
- Some see August junk-bond rout as bargain hunting opportunity
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Asian dollar-bond investors have more of an appetite recently, and are favoring the safest fare amid the U.S.-China trade tensions.
Orders for dollar bonds in the region outside Japan returned to July’s level of 4.7 times their issuance sizes last month, after August saw the weakest demand this year, according to data compiled by Bloomberg. September orders for high-grade debt rose to the highest in three months and 67% of sales were in this category, the biggest proportion this year, the data show.