Western’s Lian calls for Asian bond pricing in local time zone

Major shifts taking place in the fixed-income markets should herald a shift in the way Asian bonds are priced, notes Lian Chia-Liang of Western Asset. They are already having an impact on how the US-based house goes about its business in the region. For one thing, the firm’s head of Asian fixed income says brokers have confirmed something he has noticed: more and more Asia-based fund managers are bringing money back to their home region and investing in its hard- and local-currenc…