EUROPEAN ISSUERS FLOURISH IN ASIA

摘要

Despite concerns about government budget deficits, Asian central banks continue to show strong demand for European sovereign bonds. But sovereign, supranational and agency issuers all need to focus much more on the careful execution of deals, and the syndication process has been speeded up because of volatile market conditions.rnDuring the global financial crisis, many Asian central banks took shelter in shorter maturities such as six-month or one-year Treasury bills. But since the second half of 2009, they have returned to more conventional buying patterns, which typically means heavy demand for three- and five-year paper, and more selective buying at the 10-year segment of the yield curve.