Falling inflationary pressure and rising expectations that US interest rates would start to edge lower over the course of 2024 prompted a wave of enthusiastic and committed fixed income and credit buying in the second half of 2023. But while the wall of demand for credit at attractive absolute and relative yields was met by record levels of supply in the US corporate market, the same dynamic did not play out in Asia. Asia Pacific ex-Japan G3 currency bond volume reached US$212.4bn in 2023, falling short of the US$251.9bn raised in 2022, and...Read more