search query: @indexterm BOND MARKETS / total: 247
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| Author: | Caplen, B. |
| Title: | Building bonds in a floating market |
| Journal: | Euromoney
1997 : FEB, 2, p. 66-70 |
| Index terms: | BOND MARKETS BANKING BUSINESS ECONOMICS ASIA |
| Language: | eng |
| Abstract: | Floating-rate notes reign supreme in Asia. Whatever kind of product gets issued, the chances are it will be swapped back into FRNs, the favoured investment of Asian banks. There is no sign of change of the tastes and the successful development of fixed income will require a new class of investor. East Asia's bond markets may be set to grow to over $1 trillion by 2004, as the World Bank predicts, but right now they are in primitive condition. The bond markets have grown rapidly over last five years. The same detractors one has today are the same one had five years ago. In the meantime the market has doubled in size. |
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