Week of new virus clusters takes shine off bond surge

Week of new virus clusters takes shine off bond surge

(ATF) The sheen has come off China’s corporate and municipal bonds with the prospect of economy-sapping new lockdowns weighing on investors as coronavirus cases surge again. The strongest start to a year on record came to a crashing end in the past five days, leading the benchmark ATF China Bond …

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Biden risk bid keeps investors out of China bonds

Biden risk bid keeps investors out of China bonds

(ATF) Chinese credits were little changed Thursday as investors clamoured for equities and other riskier assets on hopes that the new US administration would bring stability to markets and Sino-American ties. Corporates led declines as it emerged that Tsinghua Unigroup , the Chinese conglomerate that has long sought to become …

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Credit risk concern weighs on China bonds

Credit risk concern weighs on China bonds

(ATF) China bonds were unchanged Wednesday on concern that credit risks are growing and may plague the world’s second-largest debt market this year. Financial bonds were dragged down by the security of the the Export-Import Bank of China, which plunged after the Chinese government delayed payments on debt that Kenya …

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Renewed virus concern slows bond rally

Renewed virus concern slows bond rally

(ATF) The rally that has seen Chinese corporate and municipal bonds stage their best start to a year on record slowed Tuesday as a resurgence of coronavirus cases damped investor appetite. The bond of Dalian Port slumped as the Heilongjiang region it serves appeared to bear the brunt of new …

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Oil refinery performance boosts China bonds

Oil refinery performance boosts China bonds

(ATF) The benchmark ATF China Bond 50 Index rose Monday after GDP data showed the nation’s economy grew last year. Bonds of China National Petroleum Corporation and Shaanxi Yanchang Petroleum led gains on news that China’s refineries posted record throughput in 2020. The CB50 climbed 0.05% taking its advance this …

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Citic link to Xpeng credit boost helps lift bonds

Citic link to Xpeng credit boost helps lift bonds

(ATF) China’s corporate and municipal bonds extended a new year rally to 13 days Tuesday as investors continued to pile into the assets of the world’s only growing major economy. Citic Bank’s bond surged again after it was named as one of five backers of a $2bn credit line given …

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Xi optimism boosts financial bonds

Xi optimism boosts financial bonds

(ATF) The bonds of Chinese financial companies surged the most in almost two months Tuesday after China’s president Xi Jinping offered a positive look at the economy’s prospects in a new year speech. The bond of investment house CITIC Bank led gains that tracked a 2.2% jump in the CSI300 …

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