According to Jinshi.com, PineBridge Investments believes that there may be investment opportunities in long-term US dollar bonds in Asia. Omar Slim, co-head of fixed income at the company, said that the market is too pessimistic about the possibility of the Federal Reserve cutting interest rates this year, and it is expected that the Federal Reserve may still cut interest rates twice this year. This situation may bring investors opportunities to go long on long-term Asian bonds.
Longer-dated Asian high-grade bonds with maturities of more than 10 years have lost 5.6% in total returns so far this year as investors adjust to the Federal Reserve keeping rates higher for longer. But if the sell-off continues, Slim said they will look for opportunities to buy longer-dated bonds, especially 30-year bonds.