You are here

Pimco senses panic as China's 8t yuan bond leverage unwinds

Shanghai

CHINA'S bond traders are getting a painful lesson on the dangers of leverage. After years of racking up profits by borrowing cheaply and ploughing the proceeds into higher-yielding debt, investors are now rushing to unwind those wagers amid the deepest sell-off in 13 months....

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes