Singapore's Lim hopeful on Asian bond markets

The prospects of the Asian bond market are not without bright spots, said Lim Hng Kiang, deputy chairman of the Monetary Authority of Singapore.

"Local currency bonds are gaining the attention of foreign investors both from the perspectives of diversification and return enhancements, coupled with the optimism of appreciating Asian currencies," Lim said. "On the other hand, Asian bond markets are also growing as an increasingly attractive asset class for domestic borrowers as they steer clear from

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