Foreign inflows in Asian bonds surge to three-month high in May

Foreign investors bought a net $5.61 billion in local bonds across South Korea, Indonesia, Malaysia, Thailand, and India in May, the highest monthly inflow since February's $6.54 billion. South Korea and Indonesia led with inflows of $4.9 billion and $1.2 billion respectively, while Malaysia saw outflows of $1.08 billion and India posted a marginal net outflow of $10.07 million, extending its selling streak to a second month. UBS Global Wealth Management rated emerging market debt as Attractive, citing resilient global growth, commodity strength, and supportive central banks.