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The inclusion of Indian local currency sovereign bonds into its Government Bond Index-Emerging Markets (GBI-EM) along with UOB Asset Management s launch of an India-focused bond fund is a strong indication of the changing trends that are now favouring the local bond markets.
Asian bonds saw net foreign inflows for the fourth consecutive month in June, as foreign investors bought a net $4.24bn worth of bonds in India, Indonesia, Malaysia, South Korea and Thailand. However, the figure was down from May s $10.1bn net inflows. Inflationary pressures have eased across the region while expectations
Japan s government bond market is being pushed to breaking point in a contest between foreign speculators and the Bank of Japan, creating challenges for loan pricing and bond sales and raising the