Trump win befuddles Asia fixed income investors

Chinese Equity November 2016 PA 230x150
By Morgan Davis
10 Nov 2016

The US presidential election drove the Asian fixed income market to a near standstill this week and for most borrowers, Donald Trump’s victory has likely stalled plans for upcoming issuance. But Chinese property developers and local government financing vehicles, some of the names most desperate for funds, may keep the market moving for the rest of the year. Morgan Davis reports.

It has been a rollercoaster week for markets, before and after the announcement Wednesday that Trump will be the 45th president of the US. Many DCM syndicate bankers said they were reminded of the Brexit referendum in June, when it took three to four days for the markets ...

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