MANILA, Nov. 25 (Xinhua) — Aggressive monetary tightening in advanced economies has pushed up bond yields and worsened the downturn of financial conditions in emerging East Asia, according to a report by the Asian Development Bank (ADB) released on Friday.
The latest Asia Bond Monitor said regional currencies fell against the U.S. dollar, equities dropped, and risk premiums widened between Aug. 31 and Nov. 4, p