Chinese bond issuers out in force

A trio of benchmark issues are expected this week as falling US Treasury yields underpin credit spreads.

Chinese bond issuers out in force

A trio of Chinese issuers are preparing to launch benchmark offshore bond offerings this week, hoping to take advantage of a risk rally in US Treasuries that is pushing credit spreads tighter.

Benchmark 10-year US Treasuries were trading around the 1.75% level during New York hours on Monday, down almost 19bp since a recent 1.94% high on April 26.

However, Asian sales desk said secondary trading activity was fairly muted as investors...

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