2021 Midyear Asia Fixed Income Outlook: Fundamentals Trump fears (PineBridge Investments)

• In the next several months, the region’s recovery and containment of Covid-19, global policy direction, and China’s normalization track will likely be the key factors influencing the Asian investment grade (IG) market.
• PineBridge Investments’ base case scenario in Asian IG is for spreads to remain well anchored, with a tightening bias.
• Within the Asian high yield universe, PineBridge Investments continues to find attractive opportunities in Chinese property debt in terms of yield and duration.
• The first half of the year saw a very strong market for green, social, sustainability, and sustainability-linked bond issuance. PineBridge Investments expect this trend to continue for the rest of the year, reflecting both increased ESG awareness in Asia and the growing pool of capital focused on ESG-linked strategies. READ MORE

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