March foreign flows into Asian bonds the highest since Jan 2018
April 22 (Reuters) - Foreign inflows into Asian bonds surged
in March as lower U.S. yields and hopes for a Sino-U.S. trade
deal boosted demand for regional assets.
Overseas investors bought a net $5 billion of regional bonds
in March, highest since January 2018, data from central banks
and bond market associations in Malaysia, Thailand, Indonesia,
South Korea and India showed.
Indian and Indonesian bonds - the two with highest yields in
the region - both received net foreign inflows of $1.7 billion
Rising optimism that Prime Minister Narendra Modi will come
back to power in India's over-a-month-long polls also bolstered
foreign inflows into Indian bonds last month. However, there
have been outflows so far in April as a sharp increase in crude
oil prices has stoked concerns about India's fiscal position.
South Korea and Malaysian bonds also attracted net foreign
buying, of $1.2 billion and $721 million respectively, in March.
But foreigners were net sellers of $486 million of Thai
bonds last month as delays in final results from Thailand's
first election since a 2014 coup added to uncertainties facing
the slowing economy.
(Reporting By Patturaja Murugaboopathy and Gaurav Dogra in
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