Global Bond Selloff Threatens Turmoil in Weakest Asian Economies

The global bond selloff is presenting a significant challenge for some of the weakest economies in Asia, with investors increasingly shunning risky assets as they seek safer havens amid rising interest rates and geopolitical tensions. Countries such as Pakistan, Sri Lanka, and Indonesia are among those most at risk due to their high levels of foreign debt and limited fiscal buffers. The selloff has led to a sharp rise in borrowing costs for these nations, making it harder for them to service existing debts while also constraining economic growth. In Pakistan, the situation has become particu…