1、Asia Bond Monitor November 2023This publication reviews recent developments in emerging East Asian local currency bond markets along with the outlook,risks,and policy options.It covers the 10 members of the Association of Southeast Asian Nations and the Peoples Republic of China;Hong Kong,China;and

2、the Republic of Korea.About the Asian Development BankADB is committed to achieving a prosperous,inclusive,resilient,and sustainable Asia and the Pacific,while sustaining its efforts to eradicate extreme poverty.Established in 1966,it is owned by 68 members 49 from the region.Its main instruments fo

3、r helping its developing member countries are policy dialogue,loans,equity investments,guarantees,grants,and technical assistance.ASIAN DEVELOPMENT BANK6 ADB Avenue,Mandaluyong City1550 Metro Manila,Philippineswww.adb.orgASIA BOND MONITORNOVEMBER 2023ASIAN DEVELOPMENT BANKThe Asia Bond Monitor(ABM)i

4、s part of the Asian BondMarkets Initiative,an ASEAN+3 initiative supported by the Asian Development Bank(ADB).This report is part of the implementation of a technical assistance project funded by the Investment Climate Facilitation Fund of the Government of Japan under the Regional Cooperation and I

5、ntegration Financing Partnership Facility.This edition of the ABM was prepared by a team from the Economic Research and Development Impact Department headed by Albert Park and supervised by Abdul Abiad,director of the Macroeconomics Research Division.The production of the ABM was led by Shu Tian and

6、 Donghyun Park,and supported by the AsianBondsOnline team.The AsianBondsOnline team members include Angelica Andrea Cruz,Debbie Gundaya,Jeremy Grace Ilustrisimo,Russ Jason Lo,Patrick Vincent Lubenia,Resi Olivares,and Roselyn Regalado.Mai Lin Villaruel provided operational support,Kevin Donahue provi