Asian high yield springs back to life after months of silence

Asian high yield bonds made a stunning comeback this week when two blowout deals put the sector back in vogue after being widely shunned by investors since global bond markets fell into a funk in June, writes Frances Yoon. But even though the US Federal Reserve dealt a positive shock to markets on Wednesday by keeping the quantitative easing taps open, bankers are all singing the same tune — junk bonds won’t be for everybody, and investors still have their limits.