MUMBAI: Asia’s highest-yielding bond markets provided the worst returns in August.
Indonesian and Indian debt were at the bottom of the region’s rankings, returning virtually nothing despite real yields of at least 3%. By comparison, Thailand’s debt with real yields of just 0.6%, delivered the standout result. The reason for the dislocation: slowing global growth and rising trade tensions saw investors shun the debt of the less creditworthy nations, pushing down prices and incurring capital losses on investors owning them.