China Credit Markets Show More Cracks Amid Reopening
- Corporate bond yield is near the highest since April 2021
- One bright spot is how its credit impulse is turning positive
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China’s reopening is starting to underscore challenges in the nation’s credit markets. Corporate bonds have seen the biggest selloff since 2015, prompting regulators to ask some of the country’s biggest banks to help stabilize the domestic debt market, according to people familiar with the matter.
China’s corporate bond yield is near the highest since April 2021 after a sixth consecutive gain earlier this week: