China Default Storm Sends Dollar Junk Bond Yields to 2015 Highs

A rout in China’s dollar-denominated junk bonds is getting worse as mounting defaults send traders running for cover. Rising trade tensions are also adding to longer-existing difficulties created by the nation’s push to cut excessive leverage. Junk bonds from China have been more volatile this year than such securities from all of Asia. The average yield for the nation’s … https://bloom.bg/2NfpLJx

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