Asian Bond Markets Poised To Expand Their Role In 2009

摘要

Asian bond markets enter 2009 at a crossroads. Last year, many proved themselves credible alternatives to credit-clogged G3-currency markets, at least for local borrowers. But what happens next? The coming 12 months will show whether Asian markets have enough depth and maturity to hold their ground as a key funding source or will once again be only an afterthought to the major global currencies.