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Asian junk-rated corporate bonds could be the surprise package for credit investors in 2024 as the worst of the debt defaults has passed and global borrowing costs decline, some managers said.
“We don’t have high [confidence] in this sector. We’re still very cautious.” “China’s property sector is not out of the woods,” said Andy Suen, co-head of…
(Bloomberg) -- One of China’s largest developers is wobbling and has less than 30 days to avoid a default on its bonds, the latest signal of the government’s struggle to end the nation’s property slump as the economy slows.Most Read from BloombergDavid Solomon Scrutiny Spreads From Goldman to Alma MaterAmerica’s Fastest Growing City Is Embracing ‘Yellowstone’ ManiaLook to the Options Market for Signs of Stock Market TroubleMaui Now Looks a Lot Less Like ParadiseCountry Garden Holdings Co., which
The wobbling developer said it will suspend trading in nearly a dozen onshore bonds starting Monday.
By Xie Yu HONG KONG (Reuters) - Global investors including PineBridge and Pictet are bolstering their exposure to Chinese property developers, betting...