Caveat emptor to buyers of China Credit Bonds, says a new report from a big investment bank. With limited breakeven spreads across all tenors and yield curves staying flat, one UBS analyst remains defensive on China’s credit bonds and prefers the high grades with short durations. Cynthia Cheng said in her January 12 research note entitled “China Credit Strategy” that she believes the concerns about liquidity condition and credit risk will continue to influence yields and spreads. China Credit Bonds – Major events add to China’s bond market volatility Highlighting the major action-filled events since the beginning of last month, Cheng…
UBS Remains Defensive On China’s Credit Bonds
Mani
Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports