Comments on 'Determinants of Asia-Pacific Government Bond Yields'

Download or read book Comments on 'Determinants of Asia-Pacific Government Bond Yields' written by Min Wei and published by . This book was released on 2019 with total page 4 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper studies how global and local factors drive local currency (LC) sovereign yields in four Asia-Pacific (AP) countries - China, Korea, Singapore and Indonesia - through the lens of a cross-country term structure model. The analysis distinguishes between the currency risk component of the yields, measured as spreads of LC AP yields over US dollar-denominated AP yields, and the credit risk component, measured as spreads of US dollar-denominated AP yields over US Treasury yields.Full Publication: "http://ssrn.com/abstract=3383273" Asia-Pacific Fixed Income Markets: Evolving Structure, Participation and Pricing.