Morgan Stanley Favors Local Currency Bonds

The Wall Street investment bank says the Asian bond markets are seeing renewed offshore investor interest. It particularly favours Korea,Singapore and the Philippines due to modest supply, FX gains and market resilience in amid an inflationary environment.

Expectations of further foreign exchange (FX) gains in Asia are renewing offshore investor interest in Asia’s local currency bond markets, and South Korea and Singapore could particularly benefit from this, says Morgan Stanley…

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