Asia’s debt capital markets are facing an uncertain future. Interest rate hikes are on the cards in the US, China’s stock market is in turmoil and the eurozone may be falling apart. Any one of those events has the potential to destabilise the global fixed income markets, with potentially serious consequences for Asia. Many of the region’s currencies are already under pressure from a rising dollar, and the growing popularity of low-cost overseas debt in recent years has left many companies – and governments – sorely exposed to global capital...Read more