dollar's flow in black hole
© Mike_kiev

BLOOMBERG’s Shuli Ren writes:

Amid hopes of a Covid-19 vaccine, reflation trades are in, as investors sink their money into riskier assets. Junk bond yields in the U.S. were pushed to record lows this week. But that enthusiasm hasn’t spilled over to Asia. 

Wall Street’s biggest banks are chiming in. Goldman Sachs Asset Management sees “attractive” returns for Asia’s high-yield dollar bonds, which are dominated by Chinese issuers. JPMorgan Chase & Co concurs. In a recent report, the bank noted that the default rate currently priced in, ...

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