This edition shows how a modest improvement in economic fundamentals has buoyed East Asia’s local currency bond (LCY) markets, but potential renewed increases in inflation and further interest rate hikes could pose risks for the region’s borrowers.

Municipal bonds are an innovative external source of financing for strengthening the financial sustainability of cities—one of the main objectives of Strategy 2030 of the Asian Development Bank (ADB).

This edition presents recent developments in emerging East Asian local currency bond markets and features a special section about how increased climate risk awareness can influence investors’ trading decisions.

This brief explains bond market disclosure, outlines its various forms, and details how it helps maintain market integrity and protect investors in ASEAN+3 economies.

This edition notes slowing growth in the last quarter of 2022 in emerging East Asia’s local currency (LCY) bond market, though aggregate issuance of LCY bonds by these economies reached a record high in 2022.