Foreign inflows in Asian bonds surge to three-month high in May (opens original article in a new tab)

Asian bonds attracted $5.61 billion in net foreign inflows in May, the highest in three months, driven by strong regional economic activity and caution in equity markets. South Korea and Indonesia saw significant inflows, while Malaysia and India faced outflows.

• Asian bonds saw $5.61 billion in net foreign inflows in May, the highest in three months
• South Korean bonds received $4.9 billion in inflows, the largest since February
• Malaysian and Indian bonds experienced net foreign outflows of $1.08 billion and $10.07 million respectively
• Asian factory activity expanded in most economies, with South Korea's PMI at 54.8, its highest since March 2021