GC
Asia HY pipeline healthy as bankers shrug off yield spike
It has been a rollercoaster ride for investors in the Asia ex-Japan high yield market in recent weeks, with macro volatility and sector-specific issues in Chinese property names conspiring to make life uncomfortable for all but the most battle-hardened accounts. But with the situation stabilising this week, market participants are already predicting a quick return to form, writes Rev Hui.
Weak data out of Europe and the US in the second half of September were followed by comments by Christine Lagarde, head of the International Monetary Fund (IMF), warning that Europe could soon tumble back into recession. The worsening sentiment took a heavy toll on Asia
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