Improving Sentiment Boosts Emerging East Asian Bond Markets Amid COVID-19

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Accommodative monetary stance sustained the growth of local currency bond markets in emerging East Asia, with currencies and equity markets gaining in early November, according to the latest quarterly issue of the Asian Development Bank’s (ADB) Asia Bond Monitor . “We saw an improvement in the global investment sentiment, but uncertainty over the trajectory of the coronavirus disease (COVID-19) pandemic still weighs on the region’s economic outlook,” said ADB Chief Economist Yasuyuki Sawada. “The region’s large and growing local currency bond markets can help finance a sustainable and inclusive post-COVID-19 recovery.” Emerging East Asia comprises the People’s Republic of China...