• 國海證券事件凸顯中國債市調整期的槓桿風險 AChineseinvestmentbankisunderpressurefrommorethan20financialinstitutionstohonourabondfinancingdealagreedbyarogueemployeewhoallegedlyforgedthecompany’sofficialseal.一家中國券商面臨來自20多家金融機構的......

  • 中國開放銀行間債市的意義 Chinahasremindedinvestorsthatthere’smoretothecountrythanworrisomeeconomicindicatorsbyannouncingasignificantstepintheopeningupofitsdomesticinterbankbondmarket.Themovehaspositiveimplicationsforcapitalf......

  • 油價持續反彈衝擊全球債市 Oiljumpedtoitshighestlevelthisyear,nearing$70abarrelandacceleratingasell-offinglobaldebtmarkets.油價昨日躍升至今年以來最高水平,接近每桶70美元,這加快了全球債務市場的拋售。ItisnowatitshighestsinceOpec’sh......

  • 投資者對中國債市的擔心過頭了 Two-plusyearsofanear-unbrokenrallyandamarketmayperhapsbeforgivenforapullback—unlessthatmarketisinChina,wherethesharpestmonthlyjumpinbondyieldssincetherallybeganhaspromptedworriesanothermainlandboomlo......

  • 中國放寬外資債市准入 ChinahasapprovedHSBC,MorganStanleyand30otherforeigninstitutionstoinvestinits$5.9tndomesticbondmarket,abigsteptowardsopeningitscapitalmarketstoforeigninvestment.中國已批准匯豐(HSBC)和摩根士丹利(MorganS......

  • 短線觀點:中國試圖控制債市 InChina,itisn’tsomuchwhatissaidbutwhosaysit.FewmarketfollowerscanhavebeensurprisedbyawarningthatChina’srisingleverageposesrisks.ButthisonecamefromLiKeqiang,China’spremier,totheNationalPeople’sCong......

  • 中國債市通過地產壓力測試 Asia’sfast-growingbondmarketfaceditsbiggestchallengeearlierthisyear,withthesuddenfallfromgraceofKaisa,theShenzhen-basedpropertydeveloper.今年早些時候,隨着深圳房地產開發商佳兆業(Kaisa)陷入困境,亞洲快速......

  • 短線觀點 令人擔憂的中國債市 Standeasy—oreasier,atleast.Tenbasispointsmightnotbethebiggestone-daychangeforborrowingcostsinChina’svast$7tnbondmarkets,butitwasenoughonMondaytopushthecountry’scloselywatchedonshorereporatebackfrom......

  • 全球債市拋售加劇 Theglobalbondmarketsell-offdeepenedonMonday,liftingthe10-yearUSTreasuryyieldabove2.7percentforthefirsttimeinnearlyfouryearsandsparkingconcernsthattheroaringstockmarketrallycouldbevulnerabletoareversal......

  • 中國房地產開發商重返離岸債市 ChinesepropertydevelopershavemadeanaggressivereturntoAsia’sdollar-denominateddebtmarketasthecountry’stopeconomicplannerallowsmoreoffshoredeals.中國房地產開發商已經大舉重返亞洲的美元債務市場,原因是中......

  • 中國債市將迎來大量外資流入 ForeignholdingsofChinesebondshavejumped50percentinthepasttwoyearsasoverseasinvestorshaveseizedonBeijing’spushtoopenupitsestimatedRmb73tn($11tn)fixed-incomemarket.過去兩年,外國對中國債券的持有量增長了5......

  • 中國放開銀行間債市或引入數萬億美元資金 Alittle-reportedrulechangebyChina’scentralbanklastweekcouldunleashtrillionsofdollarsofforeigninvestmentintothecountry.上週中國央行(PBoC)一條几乎從未見諸報端的規則變更,或將向中國釋放數以萬億計的境外投......

  • 全球債市延續拋售潮 同時美元上漲 AglobalbondmarketroutintensifiedyesterdaywhilethedollarstrengthenedasinvestorsbetthatUSpresident-electDonaldTrump’scommitmenttoeconomicstimuluswillheraldfastergrowthandthereturnofinflation.全球債券市......

  • 中國債市派對遇冷 Toobigtoignorebuttooopaquetoentirelytrust.Chinaisengagedinacharmoffensivetolureforeignmoneyintoitsbondmarket,whichhasgrowninashortperiodoftimefromaminnowtothethirdlargestintheworld,aftertheUSandJapan.......

  • 新興市場債務激增是危機之兆 Emergingmarketprivatesectordebthassurgedbyan“enormous”33percentofgrossdomesticproductsincetheglobalfinancialcrisis,heighteningtheriskoffinancialcrises,accordingtonewanalysisbyJPMorgan.根據摩根大通(J......

  • 美國國債市場上遭遇大舉拋售 TheUSgovernmentbondmarketsuffereditsworstsell-offinmorethantwomonthsonMondayascontagionfromtheEuropeanbondroutrolledacrosstheAtlantic,pushingUSborrowingcoststowardstheirhighestclosinglevelsthisyear.歐......

  • 亞洲市場垃圾債券發售量創紀錄 AsiancompanieshaveshruggedoffconcernsabouttheUSretreatfromglobaltradeagreementstoissuearecordsumofhigh-yielddebt.亞洲企業無視對美國退出全球貿易協定的擔憂,發行了創紀錄數量的高收益債券。Junkcorporatebond......

  • 越南經濟重返國際債券市場 Vietnamisreturningtotheinternationalbondmarketforthefirsttimeinalmostfiveyears.越南在近5年後首次重返國際債券市場。TheVietnamesegovernmenthastodayopenedthebooksforanew10-yearbondsale,withaninitialprice......

  • 債臺高築 中國城市轉尋私人投資 HONGKONG—ThewidenewboulevardsthatcutacrosspartsofWeifangineasternChinaarelargelyfreeoftraffic,aquietreminderofthecoastalcity’sbigambitions.香港——這條簇新的大馬路徑直穿過中國東部城市濰坊,基本上沒什......

  • 新興市場債務繼續攀升 high and getting higher Levelsofdebtinemergingmarketscontinuetoriseandarebecomingasourceof“significantconcern”,theInstituteofInternationalFinancewarnedonWednesday.週三,國際金融協會(InstituteofInternationalFinance)警告,新興市......

  • 中國政府債券市場投資前景光明 ThevolatilityhasbeendizzyinginrecentweeksinmarketsonbothsidesofthePacific.最近幾周,太平洋兩岸的市場動盪令人頭暈目眩。InthewakeofthetotallypredictabledecisionfromtheFederalReservenottoraiseinterestrates......

  • 債券之王格羅斯 牛市即將結束 Youhadatough2014.InSeptember,youleftPimco,theinvestmentfirmyoufoundedin1971,whereyoubecameknownas“thebondking.”Whatwasthehardestpartaboutthepastyearforyou?ThefactthatIwasfired.Thatwashard—veryhard......

  • 希臘債務危機升級 全球股市普跌 PARIS—StocksslumpedmodestlyonMondayattheopeningonWallStreet,aftermarketsinAsiaandEuropewerebatteredbyworriesthattheGreekfinancialcrisiswouldprovecontagiousandChineseinvestorsenduredanothertopsy-turvy......

  • 五張圖看懂中國銀行間債券市場 TheShanghai-HongKongbondconnectprogramme,launchedonMonday,offersastreamlinedchannelforinternationalinvestorstoaccessmainlandChina’sRmb69tn($10tn)interbankbondmarket,theworld’sthird-largestbehindtheU......

  • 亞洲債券市場熱潮呈現創新色彩 AfiercedebateisunderwayamongbondmarketspecialistsinAsia.Somebelievethereg-ion’smarketsareatlastcomingofage,butothersfearthecurrentboomwillturnouttobeshortlivedandthattherewillbeareturntotheirnormalro......