Asian investors turn to rate steepeners in face of equity sell-off

Investors have been spoiled by years of low volatility coupled with the longest US bull market on record until very recently. With the trend being reversed,  demand for structured products linked to interest rates is picking up in Asia, according to Long Lee (pictured) , chief executive and head of financial products for Asia at Vontobel. “There are clients who think the yield curve is too flat,” said Lee. “Indeed, it’s about as flat as it has traded in the past dec