三个月来首现回流 8月外资净买入亚洲债券3.11亿美元

Core Insights - In August, Asian bonds experienced their first monthly net inflow of foreign capital in three months, driven by expectations of interest rate cuts by the Federal Reserve to support a cooling labor market [1] - The Federal Reserve announced its first rate cut since December last year, citing rising risks in the labor market and signaling potential further cuts in the future [1] - ANZ's Asia research head Khoon Goh predicts a cumulative rate cut of 125 basis points, bringing the federal funds rate down to 3.25% by March 2026, which is expected to support currency and asset markets in Asia, excluding China [1] Market Specifics - In August, foreign capital net purchases included $777 million in Indian bonds and $721 million in Malaysian bonds, ending a two-month trend of foreign sell-offs in these markets [1] - Conversely, South Korea, Indonesia, and Thailand saw net outflows of foreign capital, amounting to $447 million, $400 million, and $337 million respectively [1]