Asian bonds provide refuge for investors fleeing Treasuries turmoil
* Fund managers positive on high-yield credit in China * Indonesian government bonds also popular with investors * Important to monitor default risk in China TOKYO, March 9 (Reuters) - Global investors fleeing a shakeout in U.S. and other developed market bonds are finding harbour in the higher yields and relative stability offered by Asian junk-rated debt. The rise in long-term yields in major economies to multi-year highs is reminiscent of the 2013 taper tantrum, except that India, Indonesia and others in Asia aren’t seeing the selloff in bonds and currencies they did back then. Now, with...
Source: reuters.com