Is there an Asian local bond bubble?
The Asian Development Bank does not see a bubble forming in the Asian local-currency bond markets, but Allianz Global Investors believes otherwise.
The Asian Development Bank (ADB) dismisses the notion that an Asian local-currency bond bubble is forming, as increasing flows to the asset class continue to push down yields. Yet Raymond Chan, Allianz Global Investors' Asia-Pacific CIO, takes the opposite view.
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