News

Chinese Junk Bond Yields Top 25% as Property-Market Strains Intensify

HONG KONG—The biggest selloff that China’s international junk-bond market has ever seen has wiped out around a third of bondholders’ wealth in just six months.

The steep and rapid decline shows how regulatory curbs on borrowing, extremely dislocated credit markets, and slowing home sales have combined to pressure more Chinese property developers, which account for most of China’s high-yield issuance.

You May Also Like

Health

Kashechewan First Nation in northern Ontario is experiencing a “deepening state of emergency” as a result of surging COVID-19 cases in the community...

World

The virus that causes COVID-19 could have started spreading in China as early as October 2019, two months before the first case was identified in the central city of Wuhan, a new study...

World

April Ross and Alix Klineman won the first Olympic gold medal for the United States in women’s beach volleyball since 2012 on Friday,...

Sports

Greater than 100 Broncos previous and current had been among the many 500 who attended the ceremony Monday in Atlanta that honored Thomas, who...

© 2021 Newslebrity.com - All Rights Reserved.

Exit mobile version