Yield-hungry investors spark Asian bond frenzy

Sumitomo Mitsui, DBS and China Huarong collectively raise close to $6 billion overnight as investors continue to scramble for yield, defying summer lull expectations.

Almost $6 billion was raised on Wednesday by two of Asia’s biggest banks and a Chinese asset management firm, as global investors hungry for yield gobbled up their bonds.

¬ Haymarket Media Limited. All rights reserved.

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