This report details recent foreign capital flow trends across emerging and developed bond markets. It highlights outflows from wider EM debt markets while identifying pockets of strength in Asia, particularly India, Korea, and Indonesia.
Key Takeaways
- 1.Global emerging market local-currency debt markets experienced USD8.3bn in outflows during June, following USD13.9bn in inflows in May.
- 2.India saw significant foreign inflows following the tax exemption of interest and capital gains for foreign institutional investors on government securities.
- 3.Foreign bond holdings in Mexico and the Philippines declined, contrasting with strong buying in Korean Treasury Bonds and Indonesian government debt.
Table of Contents
- Global bond flows compass
- Japanese investor flows
- Explanatory notes
- Disclosure appendix
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Authors
Justin Heng
Securities
KTB
Themes
EM Debt VulnerabilityForeign Capital Flows
Regions
Asia PacificIndiaIndonesiaKorea