QE3 influence may be muted for Asian bonds

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QE3 influence may be muted for Asian bonds

August 03, 2012

From Frances Yoon

QE3 will surely boost Asia’s bonds, but a lack of details and robust issuance in the region has market players sceptical that more easing will stimulate the market the way it did last time.

Previous rounds of quantitative easing from the Federal Reserve triggered a wave of global liquidity into Asia’s equity and bond markets. Foreign investor purchases of emerging-market bonds reached a record US$52.5 billion in 2010 according to EPFR Global, which supported...

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SOUTHEAST ASIA DCM

Rank

Bookrunner Parents

Deal Value $ (Proceeds) (m)

No.

%share

2012 YTD Rank

HSBC

4,160

8.3

Standard Chartered Bank

4,110

8.2

Goldman Sachs

3,666

7.3

Deutsche Bank

3,354

6.7

Citi

2,774

5.5

DBS

2,341

4.6

JPMorgan

2,288

4.5

CIMB Group

2,095

4.2

Siam Commercial Bank

1,835

3.6

RHB Capital Bhd

1,688

3.4

Subtotal

28,311

161

56.2

Total

50,423

249

100.0

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