Q: What is the size and liquidity of the region's bond markets?
A: As of September 2005, the region's local bond markets totalled almost $1.7 trillion by market value, primarily composed of government issues. Corporate issues are largest in proportion to total issuance in the more developed markets of Singapore, Hong Kong and Korea. But as a percentage of GDP, issuance is still far below that of developed nations.
Liquidity is critical in the development of fixed-income markets, with turnover