Mar
22
China’s Hot Property Market Helps Cut Asian Junk Bond Yields
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Asia’s riskiest borrowers trim bond costs to seven-month low
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Marks reversal after yields rose to near two-year high in Feb.
China’s hot property market is helping cut yields on Asian junk bonds to seven-month lows.
The yield on securities denominated in dollars has slid 30 basis points to 6.94 percent from a near two-year high of 7.24 percent in February, according to a JPMorgan Chase & Co. index. The reversal comes as the rally in Chinese real estate, which accounts for about one-third of the nation’s economy, eases broader concerns that had sparked turbulence in global financial markets…
China’s Hot Property Market Helps Cut Asian Junk Bond Yields
