News Snapshot:
MANILA: The coronavirus disease (COVID-19) pandemic’s resurgence in recent months has dampened investor sentiment in emerging East Asia even as accommodative policy stances have kept financial conditions stable, according to the latest issue of the Asian Development Bank’s (ADB) Asia Bond Monitor . The People’s Republic of China (PRC), Indonesia, Malaysia, Thailand, and Viet Nam posted declines in yields on short-term (2-year) and long-term (10-year) government bonds from 15 June to 27 August. The decline of long-term bond yields in most markets tracked looming uncertainty about recovery prospects amid rising COVID-19 cases. Equity indexes dropped and currencies depreciated in most...
