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MANILA, PHILIPPINES (26 June 2024) — Bond yields in emerging East Asia increased amid strengthened expectations that interest rates will remain elevated for a longer period, according to a new report by the Asian Development Bank (ADB).
Bond outflows from regional markets reached $20 billion in March–April, according to the latest edition of Asia Bond Monitor, released today. Slower-than-expected disinflation supported the likelihood of higher-for-longer interest rates and pushed up short-term and long-term bond yields in both advanced…