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Strategies & Market Trends : The Financial Collapse of 2001 Unwinding
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To: elmatador who wrote (8093)10/13/2021 5:17:31 PM
From: John Vosilla   of 13801
 
Borrowing costs for Chinese dollar junk-rated debt, which is dominated by property firms, have soared to their highest in about a decade with yields at 17.5%, according to a Bloomberg index. That’s prompted refinancing risks for the sector as access to a key source of funding dries up, threatening a wave of defaults if there are no signs of authorities easing their clampdown on the sector.

bloomberg.com
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