Asian Junk Debt Is Beating Returns on Bonds Almost Everywhere - Bloomberg
β’ Asian high-yield debt has outperformed most global bond markets so far this year as cheaper borrowing costs in China improve issuer finances. β’ These junk dollar bonds returned 4.3% year-to-date, more than double the 2% return seen by similar US bonds. β’ The trend benefits investors in high-risk debt markets as the yield gap between Chinese and US benchmark bonds reaches a record high.
bloomberg.com
