Credit Investors Are Getting Ahead of Themselves
- Credit investors warned they’re getting ahead of themselves
- China bond slump threatens a $1.6 trillion domestic market
China’s increasingly apparent pivot from Covid Zero is prompting investors to bet on a reopening by shifting money out of fixed-income assets and into riskier investments like stocks.
Photographer: Qilai Shen/BloombergThis article is for subscribers only.
Editor’s Note: Welcome to Credit Weekly, where Bloomberg’s global team of reporters will catch you up on the hottest stories of the past week while also offering you a peek into what to expect in credit markets for the days ahead.
This week’s market turbulence aside, corporate-bond buyers have been cruising toward the biggest quarterly gains since 2020’s pandemic rebound.