Record $100 Billion Asian Junk Bonds Got Funds Wanting More
- Sales of Asian high-yield notes double last year’s total
- Investors should avoid riskiest Asia junk bonds: Goldman Sachs
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Sales of Asian junk dollar bonds have topped $100 billion for the first time ever in a calendar year and investors just can’t get enough of it.
Corporate debt markets are on fire globally as central banks have kept rates near record lows. Speculative-grade Asian issuance so far this year is running at double last year’s full-year total of about $50 billion, data compiled by Bloomberg show.