Asian bonds attracted their highest monthly foreign inflows in about two years in May, boosted by hopes of less aggressive monetary tightening measures from the U.S. Federal Reserve. Foreigners purchased a net $10.1 billion worth of bonds in India, Indonesia, Malaysia, South Korea and Thailand, marking th
Asian bonds attracted their highest monthly foreign inflows in about two years in May, boosted by hopes of less aggressive monetary tightening measures from the U.S. Federal Reserve.
"Asia ex-China could benefit as the Fed approaches the end of its tightening cycle, notwithstanding residual uncertainty on the terminal rate," said Fiona Lim, senior fx strategist at Maybank. While the Federal Reserve maintained interest rates without change, deviating from 10 consecutive rate hikes, it indicated the likelihood of two small rate hikes by year-end to address inflation concerns.
Malaysia and Indonesian bonds drew foreign inflow worth $652 million and $500 million, respectively, while India and Thai bonds got about $400 million each in the last month.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Asian stocks off to a slow start, eyeing China stimulus, Powell testimoniesSYDNEY : Asian shares started cautiously on Monday after their best weekly run in five months, as investors looked ahead to China's rate decision and U.S. Federal Reserve Chair Jerome Powell's testimonies for clues on the rate path ahead.S&P 500 futures rose 0.1 per cent early in Asia while Nasdaq futures
Read more »
Asian stocks off to a slow start, eyeing China stimulus, Powell testimoniesSYDNEY: Asian shares started cautiously on Monday (Jun 19) after their best weekly run in five months, as investors looked ahead to China's rate decision and US Federal Reserve Chair Jerome Powell's testimonies for clues on the rate path ahead. S&P 500 futures rose 0.1 per cent early in Asia while Nasd
Read more »
SVB's Asian customers who lost deposits remain on the hook for loans - WSJSilicon Valley Bank's customers in Asia whose deposits were recently seized by the U.S. Federal Deposit Insurance Corp (FDIC) are under pressure to repay loans to First Citizens Bank, The Wall Street Journal reported on Monday.According to the report, when SVB failed in March, the FDIC stepped in to prote
Read more »
Argentina cap Asian tour with 2-0 win over IndonesiaJAKARTA: A long-range thunderbolt from Leandro Paredes and a second-half headed goal from Cristian Romero earned Argentina a 2-0 victory on Monday (Jun 19) in a friendly against Indonesia, making it two wins from two for the world champions on their short tour of Asia. The South Americans dominated an at-t
Read more »
Blinken to wrap up rare visit to China, may meet Xi JinpingBEIJING — US Secretary of State Antony Blinken will meet China's top diplomat and perhaps its president on Monday (June 19), the final day of a rare visit to Beijing aimed at preventing the strategic rivals' many disagreements from further deteriorating relations.
Read more »
Blinken may meet Xi during final day of talks in BeijingBEIJING: US Secretary of State Antony Blinken opened talks with China's top envoy Monday (Jun 19) and could potentially meet President Xi Jinping, on the final day of a trip to Beijing aimed at improving severely strained ties. The
Read more »