US Chaos Helps to Pull China Debt Out of Doldrums

From Yahoo Finance: 2025-03-22 15:00:00

US market turmoil from tariffs boosts Chinese corporate debt appeal. High-hopes for US economy post-Trump now dimmed by trade war fears. Chinese credit rebounds with $15 billion raised in dollar bond market. Interest in Chinese technology firms growing despite risks. Investors cautious but optimistic about Chinese high-yield credit.

US tariffs on China remain, keeping renminbi under pressure. Concerns over complacency in China debt market. Corporate debt market uncertainty due to trade wars. Leveraged loan market shifts due to US policy uncertainty. Return on Chinese high-yield credit attributed to policy turnaround, survivor bias, and horizon bias.

Forever 21 files for bankruptcy due to inflation and competition. Factor investing in corporate bonds gains traction. Insurers sell claims tied to wildfires. Lenders in talks with WW International Inc. for interest expense cuts. Brightspeed seeks funding for network expansion. Thames Water gets emergency funding to avoid nationalization. Chinese developer debt recovery remains uncertain. JPMorgan leads $7.4 billion offering for Bausch Health Cos. Forever 21 allowed to start going-out-of-business sales.

JPMorgan hires UBS managing director for mergers and acquisitions. Iconicchain hires former Banco Santander head for US expansion. UBS appoints new EMEA co-head of leveraged finance origination. Canaccord Genuity Group dealmakers leave. Saybrook Fund Advisors hires industry veteran for muni debt strategy. National Bank of Canada appoints new director of fixed income institutional sales.

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