Notwithstanding the strong Asian issuance of late, this week’s new bonds suffered in post-issuance trading due to increased geopolitical troubles from North Korea and Syria. The likes of Bank of China, Citic Securities and India Oil’s deals widened a few basis points in secondary trading before retracing losses. Sentiment is slightly weak and expectations are for the bond markets to continue to be sensitive to headline risks.
Asian bond performance hurt by worsening geopolitical risks
