Easing trade tensions reignited foreign demand for local bonds in December 2019, pushing MGS yields to new multi-year lows
Posted Date: January 14, 2020 The local bond market ended 2019 on a positive footing compared to the preceding year with MGS yields falling to multi-year lows while foreign holdings of local bonds climbed to the highest level since 2012. The significant decline in US-China trade tensions was the main stimulant for the local bond …