Junk Bonds Climb on Prospect of State Support: Evergrande Update

Chinese high-yield dollar bonds climbed 2-5 cents on the dollar, credit traders said, after Bloomberg reported that the biggest bad-debt managers are moving to support property developers at policy makers’ urging.

Credit markets are ushering in the new year with a fresh bout of stress, as scrutiny of hidden debt among property firms adds to turmoil in an industry facing mounting bills and…

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News Source: https://www.bloomberg.com/news/articles/2022-02-10/ceo-sold-bonds-early-in-crisis-new-stress-evergrande-update

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