The issuance of bonds in local Asian currencies has shot up to the largest in more than a decade as governments and borrowers avoid expensive US dollar debt

Many analysts believe things are set to get worse as tighter monetary policy across the globe raises the risks of a worldwide recession

Over a dozen bond funds announced measures to restrict new purchases on Friday, and around 40 short-term funds made similar statements in the past 20 trading days

China's outbound investment under the cross-border Bond Connect scheme totalled 301.5 billion yuan ($42.3 billion) at the end of August, up 34% from a month ago

This year's bond 'crash' threatens credit events and a liquidation of the world's most crowded trades, Bank of America warned.

Malaysian bonds lured $1.25 billion as foreign inflows last month, the highest since December, while Indonesian bonds obtained about $600 million and Indian bonds also received $483m

The offshore bondholder group, which is represented by Lazard advisory group, made the offer to buy Kaisa's stalled projects to the developer's advisor CITIC Securities, sources said

The Shanghai Stock Exchange now requires 100% of proceeds from green bond issues to be invested in green projects such as clean energy, compared with at least 70% previously.

Shares of Longfor, CIFI and Country Garden all jumped by more than 15% in morning trading on Tuesday. The Hang Seng Mainland Properties Index climbed 9.2%.

The central bank is likely to hike its policy rate by 60 basis points by December, indicating 10-year yields may test a three-year high in coming months, says ICICI Securities Primary Dealership.

China's $20 trillion bond market has suffered continuous foreign outflows since February amid rising geopolitical tension and lingering Covid outbreaks

The tally for 2022 bond defaults in China has passed $20 billion, largely because of the debt crisis in the property market. Defaults totaled $9 billion last year.