Jun
25
Asia Junk Bond Rout Divides Veterans on $121 Billion Market
By-
Lombard Odier sees value while ANZ expects junk to trade wider
- Asia junk bond spreads blow out to highest in nearly 2 years
Asian junk bonds have sold off amid defaults and concerns over refinancing risks, dividing veterans on where the $121 billion market is headed.
Spreads on the region’s high-yield dollar notes have widened to the highest in nearly two years, according to a Bloomberg Barclays index. The threat of a trade war and rising interest rates have added to concerns after recent defaults by China Energy Reserve & Chemicals Group Co. and Hsin Chong Group Holdings Ltd. For investors like Lombard Odier (Singapore), the selloff has increased the securities’ appeal…
