Bonds climb on Tencent sale, BNY Mellon collateral decisions

Bonds climb on Tencent sale, BNY Mellon collateral decisions

(ATF) Chinese bonds climbed Thursday, buoyed by the planned $4 billion sale of notes by tech giant Tencent and after BNY Mellon said it would allow the nation’s debt to be used as finance collateral. Corporate bonds slumped after Hefei Construction Investment and Holding Company made a coupon payment. And …

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Credit markets fall on Huarong contagion concern

Credit markets fall on Huarong contagion concern

(ATF) China corporate and municipal bonds fell Wednesday as the fallout from the Huarong crisis spread across credit markets. The returns-focused ATF China Bond 50 Index fell the most in there weeks, also dragged down by a coupon payment on a bond of China Cinda Asset Management. The ATF CB50 …

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Corporates, financials hit by coupon payments

Corporates, financials hit by coupon payments

(ATF) Returns on the bonds of Chinese private companies and banks fell Monday as coupon payments sapped liquidity from credit markets. Those losses outweighed gains among Local Government debt, pushing the ATF benchmark China Bond 50 Index into it second lacklustre day. The gauge of AAA rated credits remained at …

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New COVID cases weigh on bonds

New COVID cases weigh on bonds

(ATF) A recent rise in Chinese corporate bond returns halted Thursday, matching slackness in local stock markets, amid news of new COVID outbreaks. The ATF China Bond 50 Index as little changed at 106.70 after posting moderate gains in the previous three days. The pattern was repeated across the Corporate, …

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IMF optimism brings risk back into credit markets

IMF optimism brings risk back into credit markets

(ATF) Chinese corporate and local government bonds climbed for a third consecutive day Wednesday as investors piled into riskier debt following the International Monetary Fund’s (IMF) upgrade of its estimate for global growth. A gauge of state-owned enterprise (SOEs) bonds snapped a two-day slide after the IMF also praised China’s …

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Loans cap call lifts bets on corporate bonds

Loans cap call lifts bets on corporate bonds

(ATF) A key gauge of Chinese corporate bonds climbed the most in six weeks Tuesday on bets businesses will turn to capital markets for financing after the central bank called for caps to bank loans. Corporate, financial and local government debt all rose while a gauge of state-owned enterprises (SOEs) …

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More coupon payments likely to weigh on credits

More coupon payments likely to weigh on credits

(ATF) Another month of coupon payments are expected to weigh down the ATF gauge of credit markets again in April, with more than 20 issuers due to meet obligations. The benchmark ATF China Bond 50 Index fell for a fifth week in six after Citic Group and Bank of Jiangsu …

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