Market Risk Sentiment Improves, Asian Bond Market Issuance Surges
With improved risk sentiment during the US-Iran ceasefire, the Asian bond issuance market is showing signs of recovery, with borrowers flocking to the market. Australia experienced its busiest bond issuance day in over a month on Thursday, with at least four borrowers issuing bonds in the local market. Two Japanese banks jointly issued $13 billion in dollar bonds on Wednesday, marking the largest single-day bond issuance from Asia since July.
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