IG Financials dominated China primary, finding strong demand - SBLC enhanced property bonds are back - Sri Lanka exploring selling assets

Today US 10yr climbs through 2.77% as stops are hit, first time since 2010 - Zhenro defaults take edge off recent rally in China HY

Asia Credit spreads resilient despite volatility in rates - $8bn Asia-Ex Japan IG new issues - China property downgrades

Japanese Lifers sell most foreign debt since 2020 in March - Asia credit dominated by new issues -

FOMC minutes a non-event, Continued selling of China TMT bonds overnight, consolidation in China property

US Treasuries sold off led by the belly of the curve - FOMC the main focus today - Despite downgrades HY China property being sought after

Asia Sovereign’s were dominated by the frontier markets. Pakistan and Sri Lanka were marked down as political uncertainty escalated.

Month end rebalancing took Asia IG spreads up to 4bp tighter yesterday. There was some real money selling of India corporate 10yr benchmarks

There is an old saying in the stock market that you should be buying when they’re crying and selling when they’re yelling. The observation i

The moves in US Treasuries are central to sentiment currently. Fed's Bullard continues hawkish, wanting 300bps hike this year...

The squeeze continued in HY. Non-China HY space up by as much as 2pts, Macau Gaming up another 3pts. Some Non-China ..

While some indicators of financial stress appear more sanguine than in the aftermath of 1998 Russia default, there are some genuinely troubl