Posted inChina

Amid China’s default drama, dollar bond buyers upbeat

As investors quake over the seismic default drama surrounding China Evergrande Group, it seems that one vital crowd hasn’t gotten the memo: buyers of Mainland dollar bonds. Demand for Chinese dollar notes staged a comeback in August even as China Evergrande concerns wreaked havoc on the broader credit markets in Asia’s biggest economy – particularly the junk-bond arena. […]