Asia ex-Japan IG dollar bonds saw their second best monthly returns since 2009, going up 2.55%, with their best returns seen in November 2022 at 3.85%. Given the higher duration sensitivity of IG bonds, the strong performance comes on the back of a move lower across the US Treasury curve with yields cooling-off by over 30bp during the month.
Asia ex-Japan IG Dollar Bonds Witness Second Best Monthly Returns Since 2009
