HONG KONG -- Global investors have been rushing into Asian bonds in recent weeks, reckoning that the first U.S. Federal Reserve interest rate cut in four years would allow regional central banks to follow suit and help domestic companies to issue bonds.
"We do see, in particular, in the past few days, money flowing back to Asia, to fixed income in particular, both in hard currency and local currency [bonds]," said Lei Zhu, head of Asian fixed income at Fidelity International in an interview in late September.
