 For some Asian benchmarks, illiquid markets can mean that accurate yield data is not published at all, which can make calculation of risks very difficult.The sheer variety of the fixed-income markets, and the pace of innovation in this area, means that provision of an attribution capability from scratch will continue to present significant challenges.In no particular order, issues to be faced include


While there remain numerous challenges to solve, the state of fixed income attribution is much less murky than was the case even five years ago.