Debt Markets in Motion - 2023 Q1

Q1 2023

Public markets have been severely impacted by uncertainty and volatility as a result of COVID-19, the Russia-Ukraine conflict, rising interest rates, sovereign defaults, and a Chinese property crisis that spilled into Asia’s largest economy. Despite a backdrop of such macro volatility, Asian debt markets have continued to weather the storm and proved their adaptability and resilience.

Looking ahead through 2023, China’s reopening and the hoped for flattening of US rate hikes should provide a more stable backdrop in this emerging and complex and varied debt market. To share our thoughts on this, we have prepared the attached thought piece: Debt Markets in Motion 2023 Q1.