The United States spent much of last year exceeding expectations. Growth was stronger than expected. Interest rates rose more rapidly than expected, leading to a stronger-than-anticipated US dollar.
In combination, these factors have created much angst for Asian bond markets, resulting in negative performance.
Already a subscriber? Log in
Read the full story and more at $9.90/month
Get exclusive reports and insights with more than 500 subscriber-only articles every month
ST One Digital
$9.90/month
No contract
ST app access on 1 mobile device
Unlock these benefits
All subscriber-only content on ST app and straitstimes.com
Easy access any time via ST app on 1 mobile device
E-paper with 2-week archive so you won't miss out on content that matters to you
