Asian Fixed Income/Frontier Market Research

Bondcritic

Bondcritic, established in 2009, is designed to be an independent credit research voice that helps investors gain insights and unbiased analyses on Asian fixed income market. Our mission is to discover deep-value Asian high-yield and distressed bonds with a bottom-up approach, together with the help of our proprietary ESG (Environmental, Social Development, and Governance) model. At the same time, we focus on bringing investment cases of unrated and unloved issuers to the general public.

Primer: Asia High Yield Bond Index (AHYG SP) - Aug 2026

Independent Asian Credit Research, Bondcritic

Warut Promboon

Independent Asian Credit Research

Debt Capital Markets

Asia High Yield Bond Index / Debt Capital Markets

<ul>
<li>What has changed since our July ABM is that the ceasefire we carefully described did not hold, and oil has round-tripped roughly halfway back toward war-peak levels.</li>
<li>Fixed rate bonds that rely on discretionary spending should underperform floating rate bonds while the beneficiaries of the trade have shifted from energy exposure toward carry and short-duration positioning.</li>
<li>We remain positive on Asian credit fundamentals and, for those who must invest in fixed rate bonds, we list 9 bonds which we like at the time of this report</li>
</ul>


What has changed since our July ABM is that the ceasefire we carefully described did not hold, and oil has round-tripped roughly halfway back toward war-peak levels.
Fixed rate bonds that rely on discretionary spending should underperform floating rate bonds while the beneficiaries of the trade have shifted from energy exposure toward carry and short-duration positioning.
We remain positive on Asian credit fundamentals and, for those who must invest in fixed rate bonds, we list 9 bonds which we like at the time of this report


Asia High Yield Bond Index

Asian Bond Monitor: No Final Whistle