China's bond market is 'overheating': Bloomberg poll
Shanghai
THE bursting of China's stockmarket bubble has scattered money into corporate bonds, causing them to overheat, financial companies surveyed by Bloomberg say.
Nineteen of 21 respondents said that the credit market is "overheating", according to the survey sent to onshore analysts, traders and fund managers. Some 60 per cent forecast that corporate bond yield premiums will widen in the fourth quarter. That would mark a shift after the difference between five-year AAA company securities and government notes dropped to a six-year low of 83.6 basis points on Sept 7.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Banking & Finance
China’s CICC demotes senior bankers, cuts pay to slash costs
Citi promotes Damien Tan to corporate banking head for Singapore
Australian dollar firm as bulls bet on hawkish turn at RBA
ECB rate cut case getting stronger, says chief economist Lane
RBNZ has limited scope to cut cash rate this year: OECD
Crypto.com wants to sponsor more sports after Formula One Miami