Asia and Corporate Bonds

corporate bonds: While the yield premium investors demand to hold Asian corporate bonds will probably rise in the aftermath of a Greek default, any movement may be short-lived because the exposure of companies in the region to Mediterranean countries is limited, according to Bloomberg. The average spread on dollar notes in Asia ranged from 261 to 251 basis points this month and was last at 255 Friday, JPMorgan Chase & Co. indexes show. After that, some see benefits. The euro rose as markets opened on Monday in Asia, extending a three-week gain. But the European Central Bank is likely to move fast to stabilize markets and those headlines should help Asian credit continue to outperform. There will probably be a knee-jerk reaction, said Owen Gallimore, a senior Asia credit analyst at Australia & New Zealand Banking Group Ltd. in Singapore. (news.financializer.com). As reported in the news.