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[Contribution] Is there value in Asian USD bonds?
[Contribution] Is there value in Asian USD bonds?
MarketsMay 31, 2020
The Korea Herald is running a regular contribution series written by senior investment strategists at Standard Chartered Group Wealth Management. -- Ed. Prices of Asian US dollar-denominated corporate bonds have fallen this year. This raises the question: do they now offer attractive value? The average yield premium offered by the bonds over US Treasury yields (credit spread) looks more attractive than it has been in many years, despite the recent rebound. However, one cannot help but wor