(March 31): This month’s surge in Asian bond yields has triggered an increase in debt buying across the region, as governments seek to limit the spillover from higher energy prices to local borrowing costs. Yields have been climbing on concern local economies will suffer from higher oil costs as they are net energy importers. Bond yields have been marching higher across the region as the outbreak of the Iran war on Feb 28 sent oil prices soaring. Bond intervention hasn’t been limited to Asia. In the long run, government and central bank intervention is seen as merely a temporary measure to counter extreme moves rather than a catalyst for a durable turnaround.

Source: The Edge Markets March 31, 2026 04:35 UTC