From yield to maturity

With fears about investing in Asia at an all time low, the riskiness that came to define the region during the Asian financial crisis in 1997 appears set to leave without trace. After a decade of risk-driven high yields that brought breakneck growth to the local currency bond markets, conditions are finally easing. The yields have brought capital and development on an imposing scale, in a process that has apparently erased significant chunks of risk in the regional debt markets. While declining

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