HONG KONG — Global investors have been rushing into Asian bonds in recent weeks, believing that the U.S. Federal Reserve's first rate cut in four years will help regional central banks follow suit and issue bonds to local companies.
“Particularly in the last few days, we're seeing money flowing back into Asia, particularly fixed income, both in hard currency and local currency. [bonds]Lei Zhu, head of Asia fixed income at Fidelity International, said in an interview in late September.