Asia Bond Monitor - March 2021

<p>This edition reviews financial conditions in East Asia and risk implications to the global economic recovery including the coronavirus disease (COVID-19) vaccine rollouts and liquidity conditions in regional bond markets.</p><p><br></p><p>Emerging East Asia's local currency bond market rose to an aggregate size of $20.1 trillion at the end of December 2020. Buoyed by a better economic outlook financial conditions improved. Environmental social and governance bonds in ASEAN+3 markets also grew to over $265 billion. Meanwhile the AsianBonds Online annual bond market liquidity survey results showed liquidity conditions diverged across regional markets in 2020.</p>