At the end of June, there was $15.
3 trillion in local currency bonds outstanding in the region, 3.
5% more than at the end of March and 14.
2% more than in June 2018.
Bond issuance in emerging East Asia amounted to $1.
6 trillion in the second quarter, 12.
2% higher than in the first quarter.
In addition to market reports, this issue of the Asia Bond Monitor discusses the impact of US monetary policy uncertainty on emerging market currency rates as well as the growing importance of domestic capital markets.
It also looks at the progress of global efforts to transition away from the use of the London Interbank Offered Rate, the widely used benchmark rate in global financial markets.
Asia bond monitor - september 2019, paperback/Asian Development Bank
