MANILA, Sept. 10 (Xinhua) -- Bond markets in emerging East Asia expanded by 8.6 percent on year to 5.9 trillion U.S. dollars in January to June on the back of a double-digit growth in the region 's corporate bond markets, according to a report released by Manila-based Asian Development Bank (ADB).
In the latest edition of the Asia Bond Monitor, the ADB revealed that as of end-June, there were 2 trillion U.S. dollars in corporate bonds or 15.2 percent higher than a year earlier. The government bond market grew by only 5.5 percent on year to 3.9 trillion U.S. dollars.
"Corporate bond growth continues to outpace government bonds as lower yields and tighter bank lending ahead of new bank regulations in many markets encourage firms to raise funds from local markets," the report read.
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