Bond market


Economic recovery hopes boost markets

Economic recovery hopes boost markets

(ATF) Hong Kong: Asian markets were broadly higher after economic recovery hopes brightened ahead of the launch of the vast US stimulus package and on confidence the risk of inflation was manageable. But Mainland China’s market underperformed as investors digested National People’s Congress (NPC) takeaways that revolved around less credit …

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Defaults force China to boost scrutiny of bond rating agencies

Defaults force China to boost scrutiny of bond rating agencies

(ATF) The People’s Bank of China has pledged to improve supervision of the bond rating sector after a series of defaults rattled the country’s $4 trillion corporate debt market. Meanwhile, a former executive at one of China’s top credit rating agencies has been suspended amid claims he took “massive” bribes.Pan …

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The new frontier for global bond investors

The new frontier for global bond investors

(ATF) Despite increases in foreign holdings in every quarter over the past three years, less than 3% of China's vast domestic bond market — the world's second-largest — was owned by foreign investors as of the end of June, according to Moody's.Jean-Charles Sambor, head of global emerging market debt at …

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China bonds little changed

China bonds little changed

(ATF) China bonds were little changed Wednesday as investors took stock of recent gains and following data that suggested the allure of the nation's debt was waning.The benchmark ATF China Bond 50 Index climbed 0.01%, along with the Local Government, Enterprise and Corporate sub-indexes. A gauge of financial bonds was …

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China’s debt market contradiction will be a high-stakes game

China’s debt market contradiction will be a high-stakes game

(ATF) China’s bond market is mired in a state of somewhat grotesque self-contradiction.On the one hand there been a full-on opening of doors to foreign participation – from the marquee credit ratings agencies, to the big-hitter investment banks (now able to take sole lead on onshore bond deals) to easy …

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ATF indexes close mixed; PBoC makes 120bn yuan injection

ATF indexes close mixed; PBoC makes 120bn yuan injection

(ATF) The ATF indexes closed mixed on Wednesday, as the People’s Bank of China (PBoC) injected 120 billion yuan ($17 billion) into the financial system via a seven-day reverse repo in order to maintain adequate liquidity, according to a statement on its website. The Chinese central bank left the cost …

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Industrial and energy names lead rally in ATF indexes

Industrial and energy names lead rally in ATF indexes

(ATF) The ATF indexes rallied on Monday in tandem with Chinese government bonds, with the benchmark China Bond 50 index rising 0.03%, and the ATF ALLINDEX Corporate, Enterprise and Financials sub-gauges surging 0.07%, 0.07% and 0.04% respectively. Only the ATF ALLINDEX Local Government recorded a loss, falling 0.08% due to …

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