Photographer: Lucas Schifres/Getty Images

China Stemming Defaults Leaves Junk Bonds Hottest in 5 Years

  • ‘Government is trying to restore the market’s faith:’ Colight
  • Bond delinquencies one fifth of level in the previous quarter

China has stanched a string of defaults and speculation authorities will continue to stave off failures is leaving investors the most bullish on local junk bonds in five years, despite record maturities.

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