China Bond Exodus Quickens; Developers Jump: Evergrande Update
This article is for subscribers only.
Global funds slashed their holdings of Chinese bonds by the most on record last month amid the nation’s dwindling yield advantage over the U.S. and geopolitical uncertainties posed by the war in Ukraine.
Meanwhile, Chinese real estate stocks rallied anew Friday, with a Bloomberg gauge jumping as much as 4.6% amid JPMorgan Chase & Co.’s upbeat assessment of the sector’s equity outlook.