East Asian Bond Markets Near $6T, But Hurdles Loom: Report

Law360, New York (September 11, 2012, 8:41 PM EDT) -- East Asia's local currency bond markets swelled to $5.9 trillion in the second quarter, fueling infrastructure and development projects across the world's fastest-growing economies, but a Monday report from the Asian Development Bank warns that spillover from the volatile West could derail the emerging bond markets.

Despite eye-popping growth over the last two decades, the bond markets of emerging East Asian countries are still fragile. Fluctuations in more established Western markets, from the Lehman Brothers collapse to Europe's sovereign debt crisis, tend to have a butterfly...
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