Asia's high-yield bonds swing back to life

High-yield issuers are back in force with new US dollar bonds, indicating that secondary market valuations have finally returned to attractive levels for fixed income investors.

Asia's high-yield bonds swing back to life

Asia’s high-yield corporate bond market showed further signs of recovery on Tuesday after three issuers found success with their deals, extending the primary-market revival seen at the end of last year and getting 2019 off to a strong start.

The largest of the trio was property heavyweight China Evergrande Group, which completed a $3 billion tap of its existing two-year, three-year and four-year bonds.

Another Chinese property developer, Central China...

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