asian rates

Asian markets

Asian Markets: Trump Matters For North, Fed For South

Assuming that Trump’s getting US presidency has turned global establishment upside down, markets are under currents of diverging US, but not leaving aside domestic factors. In the case of Asian, on one hand, the likelihood of stronger US data leading to higher USD rates is pulling Asia rates higher, as reported by BoAML. On the other hand, flush local liquidity conditions, lackluster pick up in domestic demand and easing stance of Asian central banks are pushing Asian rates lower.