Bond fund managers are focusing on the pace and degree of rising US interest rates as the next opportunity for the Federal Reserve to act looms.
Fund managers in the US are sceptical that China's bond market can become a strategic allocation until the renminbi is fully convertible.
Despite last week’s volatility, US economic divergence may not signal a change to interest rates or an end to low bond yields.
Asia’s story offers plenty of reasons for optimism, but there are also concerns and outright fears for its future.
Economist Xiao Geng says China must raise interest rates, while Hong Kong’s opportunity is not with a renminbi peg, but turning its local dollar into a global currency for investors.
Yu leaves retirement to become the firm’s Asia-Pacific chairman in a newly created role, and will represent American affiliate Columbia Asset Management.