Asian bonds draw hefty inflows on US rate cut hopes, strong exports

[ASFN Admin]

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Foreign investors accumulated a net $4.41 billion of bonds in India, South Korea, Malaysia, Indonesia and Thailand last month, marking their fourth successive month of net buying, data from regulatory authorities and bond market associations showed. "Rupee sovereign bonds are poised for further gains on strong foreign inflows, largely frontrunning the upcoming bond index inclusion," Radhika Rao, a senior economist at DBS Bank said in a note. "JP Morgan is due to start the inclusion by June 2024, and extend over 10 months, with 1% increments on its index weighting, till it likely reaches 10%," she said.

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