Asian Bonds Could Return Up to 10% in Best Year Since 2012
- Lombard Odier expects 5-10% return after late-2018 sell-off
- Fund has added notes sold by NWS Holdings and Lestari Banten
Photographer: Qilai Shen/Bloomberg
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Asia’s dollar-denominated bond market could return up to 10 percent this year on expectations that policy easing in the U.S. and China will revive risk appetite, according to Lombard Odier Investment Managers.
The asset class has gained 2.4 percent so far this year in the strongest start since 2012, as buyers snap up bonds cheapened by a late-2018 sell-off. The market fell 0.6 percent in 2018, the first annual loss since 2013, according to an ICE BofAML index.