It is reported that the State Street Global Advisors have uncovered that there is a large structural deviation in capital flows to Asian bond markets from Europe and the United States as investors becomes happy, witnessing the region's strong growth prospects.

"In Asia, I think Government bonds offer good value on the caveat that some look a bit rich", Bill Street, Managing Director and Head of International Alpha Strategies told reporters on Friday during a visit to Hong Kong.

SSGA is the investment management arm of State Street Corp., the world's second-biggest money manager with $1.9 trillion in assets under its control.

"The reason is that they are underpinned by strong fundamentals while there is a lot of concern and lot of risk premium in the European bond markets", he added.

The 2010 figures reveal that the Boston-based firm has estimated its government debt in terms of percentage of GDP at 4.4 percent for the region compared to 12.2 for the U. K., 11.4 percent for the United States and 6.6 percent for the Euro zone.

On Greece, he posted that the debt crisis would soon be washed away in a few weeks, which would result in a sharp tightening in spreads and called its threat to go the IMF "brinkmanship".