Eastspring’s Goh Says Asian Bonds Should Focus on Oil and Fed
Rong Ren Goh of Eastspring Investments says oil prices and Federal Reserve policy matter more to Asian bonds than U.S. midterm politics. He says a durable energy-price decline could ease inflation pressures and give the Fed more policy flexibility.
U.S. midterms have rippled across markets, but for Asian bonds, oil and the Fed matter more than the political arithmetic in Congress, says Rong Ren Goh at Eastspring Investments. "A durable decline in energy prices could ease inflation pressures, restore some flexibility to Fed policy and provide…