Global funds looking for bargains among China's battered bonds
Hong Kong
CHINA'S biggest bond selloff in four years has left many securities in the US$10 trillion market looking attractive to global funds including Aberdeen Standard Investments, Pictet Asset Management and AllianceBernstein LP.
Bargain hunting by such investors could add to speculation that the worst of the rout, which started in October, is drawing to a close. Five-year government bonds have bounced back in the past week, after a selloff that has still left the yield up 94 basis points this year - the most since 2013 - at 3.8 per cent.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Banking & Finance
Nomura, Mizuho face losses on All Blue fund’s failed trades
Stablecoin Tether steps up monitoring in bid to combat illicit finance
HSBC asked by US$890 billion investor group to set energy goal
Barclays is the latest firm to face anti-ESG wrath in Oklahoma
Barclays prices mortgage-backed notes in deal with GoldenTree
TD risks an earnings hit from US laundering probe, analysts say