Asian bond spreads with US not widening, BIS research finds
Bond spreads between the US and many Asian emerging markets have narrowed despite the strengthening dollar, research published by the Bank for International Settlements finds.
In a research bulletin published on November 2, Pietro Patelli, Jimmy Shek and Ilhyock Shim credit central bank policies for this reversal of recent trends.
Typically, when an emerging market country’s currency depreciates against the US dollar, the yields on that country’s bonds rise compared with US Treasuries. The
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