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China bonds - Concerns rising that spreading defaults, sliding yuan will spark a selloff

Discussion in 'Market News' started by ForexLive, Jan 18, 2016.

  1. ForexLive

    ForexLive Forum Member

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    Bloomberg report on China's bond markets, with systemic concerns sparking credit-default swaps rising by records from the start of 2016 - Credit derivatives have spiked 22 basis points since December 31 "2016 is a year when we will see systemic risks emerge in China's credit market," said Ji Weijie, credit analyst in Beijing at China Securities Co., the top arranger of bond offerings from state-owned and listed firms. "There may be a chain reaction as more companies are likely to fail in a slowing economy and related firms could go down too."

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