0345 GMT - HSBC Global Research favors South and Southeast Asian bonds over North Asian bonds, according to a report. Based on HSBC's economic surprise indexes, recent activity data across South and Southeast Asia have been underwhelming, while data across North Asia have been more positive relative to survey expectations, two rates strategists say. "We therefore see more scope for rate expectations across South/Southeast Asia to adjust lower to reflect their greater downside growth risks," the strategists add. For local rates in Asia, HSBC prefers higher-yielding markets like India and the Philippines. HSBC also cuts its end-2025 forecast for India's 10-year government bond yield to 6.00% from 6.25%. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
March 11, 2025 23:45 ET (03:45 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.