(Bloomberg) -- Money managers including T. Rowe Price Group Inc. believe Asian junk dollar bonds have further to run after outperforming almost everything...
-- Money managers including T. Rowe Price Group Inc. believe Asia n junk dollar bonds have further to run after outperforming almost everything else in debt markets this year.The notes have returned 9.8% year-to-date compared with about 3% for global speculative peers and losses across much of high-grade debt this year, Bloomberg indexes show.
Still, risks remain with some analysts saying that Chinese authorities need to do more to address the supply-demand mismatch in the housing market which has cast a shadow over the entire economy. Pakistan is also still struggling to recover and just raised taxes to bolster its chances of securing a new loan from the International Monetary Fund, which is critical for it to meet debt payments.
Trading in the debt of French lenders has taken off after President Emmanuel Macron’s decision to call a snap election unleashed market volatility. The list of Chinese developers facing court-ordered liquidation in Hong Kong is getting longer, after a builder of homes in an affluent eastern coastal region was ordered to wind up.
Home Depot Inc. is sounding out investors for a corporate bond sale that could total $10 billion to help fund its acquisition of SRS Distribution Inc. Maureen D’Alleva, head of collateralized loan obligations at TPG Angelo Gordon, is set to leave the firm at the end of the year.Goldman Sachs Group Inc. promoted five senior executives across its investment-grade capital markets and risk management units covering Europe, the Middle East and Africa. The new leaders are Jans Meckel, Matthew Straughen, Edoardo Ravà, Trent Wilkins and Yakut Seyhanli.
Junk Bonds T. Rowe Price Group Inc. Dollar Bonds Chinese Property Chinese Junk Asia Fixed Income Asia Pacific Investors
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