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Bond Market News
Asian bond performance hurt by worsening geopolitical risks
May 26, 2017
Notwithstanding the strong Asian issuance of late, this week’s new bonds suffered in post-issuance trading due to increased geopolitical troubles from North Korea and Syria. The likes of Bank of China, Citic Securities and India Oil’s deals widened a few basis points in secondary trading before retracing losses. Sentiment is slightly weak and expectations are for the bond markets to continue to be sensitive to headline risks.
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