Asia credit markets rebounded as spreads tightened across investment grade and high yield segments. Stronger sentiment drove improved returns following earlier volatility.

Investment grade credits showed moderate tightening led by lower quality segments. Higher rated bonds experienced more limited movement.

High yield markets outperformed as spreads narrowed significantly in April. Lower rated issuers saw stronger relative gains during this period.

Core portfolio selections benefited from regional drivers across financials and corporates. Selected issuers contributed to overall spread compression and performance.

Outlook suggests stable trading conditions supported by resilient fundamentals. However external uncertainties continue influencing investor positioning.