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Defaults loom as China stares at 3.7t yuan bond maturities

Bond yields shoot up at fastest pace in over a year and issuance falls 43%, as sentiment worsens

Hong Kong

CHINESE debt investors are turning bearish at just the wrong time for the nation's corporate borrowers, which face a record 3.7 trillion yuan (S$773 billion) of local bond maturities through year-end.

With this year's biggest note payments concentrated in some of the...