Asian bonds face massive foreign outflows
Asian bonds recorded their heaviest foreign selling pressure since March 2020 last month. Foreign investors sold a net $8.21 billion of regional debt as US Treasury yields surged and Federal Reserve tightening fears mounted.
Xurve View
Insights:
Xurve View
Asian bonds recorded $8.21 billion in foreign outflows during September, marking the heaviest regional selling pressure since March 2020. The capital flight was driven by surging benchmark yields in the United States and renewed monetary tightening. The regional bond withdrawals accompanied an additional $23.49 billion outflow from Asian equities amid a more cautious global risk environment.
