Asian Bond Market Continues to Be Resilient: Triada Capital’s CIO

The transcript discusses the resilience of bond markets during the epidemic, highlighting the rebound of benchmark names and the continued inflow into Asia credit. It examines new bond issuance trends, noting significant contributions from China and high-yield bonds, with expectations of a gross supply addition of around 300 billion. The discussion also covers the PBOC's measures to maintain financial stability, including frontloading fiscal stimulus and allowing debt expansion to stimulate the economy, while prioritizing economic recovery over deleveraging.

What has been the trend in bond markets during the epidemic?

• Bond markets have only seen declines.

• Bond markets have shown no change.

• Bond markets have remained resilient.

• Bond markets have collapsed.

What is the expected gross supply addition for bonds this year?

• 300 billion

• 200 billion

• 100 billion

• 400 billion

How is the PBOC balancing financial stability during the epidemic?

• By reducing bond issuances

• By maintaining a conservative approach to local government bonds

• By cutting down on fiscal stimulus

• By increasing interest rates

What is the government's priority in response to the epidemic?

• Deleveraging

• Increasing taxes

• Economic stability and fiscal stimulus

• Reducing government spending

What has the PBOC mandated regarding new bank loans for the first quarter?

• Increase in loan rates

• Stop issuing new loans

• Maintain the same rate of addition as last year

• Decrease in loan rates