Asian bonds attract foreign inflows for second straight month in July

Foreign investors purchased $1.6 billion worth of Malaysian bonds thanks to some positive economic data as its exports posted a 8.8% rise in June over last year.

BENGALURU: Asian bonds recorded a second straight month of foreign inflows in July bolstered by a hunt for higher yields and signs of recovery in the regional economies.

Foreigners purchased a net $3.97 billion worth of Asian government and corporate local currency bonds last month after logging $6.45 billion in June, data from regional banks and bond market associations in Indonesia, Malaysia, Thailand, South Korea and India showed.