Most Asian bonds witnessed foreign inflows in January, driven by hopes that the U.S. Federal Reserve would slow down the pace of its monetary tightening as inflation worries subsided. Foreigners purchased a combined net total of $4.3 billion in Indonesia, Malaysia, Thai and Indian bonds, data from regulat
Most Asian bonds witnessed foreign inflows in January, driven by hopes that the U.S. Federal Reserve would slow down the pace of its monetary tightening as inflation worries subsided.
Asian currencies posted solid gains against the dollar last month, supported by upbeat demand for regional bonds.Graphic: Monthly foreign investment flows: Asian bonds, https://fingfx.thomsonreuters.com/gfx/mkt/zgvobkdzzpd/Monthly%20foreign%20investment%20flows%20Asian%20bonds.jpg On the other hand, South Korean bonds witnessed outflows worth $5.33 billion, the biggest since at least 2009.
The dollar, however, has strengthened so far this month as recent economic data such as consumer prices, hiring and retail sales showed a higher reading, prompting worries that the U.S. Fed still has further to go in tightening rates.
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