TheJakartaPost
Please Update your browser
Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.
Asian bonds see foreign inflows for 6th straight month in November
Indonesian bonds had an inflow of $1.1 billion, the highest in the region, followed by Thailand which lured $941 million.
Change text size
Gift Premium Articles
to Anyone
Share the best of The Jakarta Post with friends, family, or colleagues. As a subscriber, you can gift 3 to 5 articles each month that anyone can read—no subscription needed!
United States dollar banknotes are pictured in this file photo. (Courtesy of Freepik)
A
sian bonds received inflows for the sixth consecutive month in November, helped by optimism over the development of a COVID-19 vaccine and hopes of a faster economic recovery in the region.
Asian bonds saw a combined total inflow of US$1.5 billion last month, data from regional central banks and bond market associations in Indonesia, Malaysia, Thailand, South Korea and India showed.
Read also: Indonesia’s foreign debt rises to $413b in October
Indonesian bonds had an inflow of $1.1 billion, the highest in the region, followed by Thailand which lured $941 million.
On the other hand, South Korea faced an outflow of $823 million last month. However, South Korean bonds still lead the regional inflows for the year at $21 billion for the first 11 months of 2020.
“We see the confluence of a relatively less severe virus situation, regional exports supported by improving global demand, and ample liquidity as a winning trifecta, all of which will underpin portfolio inflows to Asia in 2021,” said Khoon Goh, head of Asia Research at ANZ in Singapore.
