Asia Bonds Mirroring U.S. Bonds Could Lead to Global Bond Crisis
December 07, 2018 at 14:06 PM EST
Asia bonds appear to be mirroring the U.S. bond market with respect to concerns surrounding BBB-rated debt falling into high-yield territory, which could trigger a global bond crisis. When risk-on sentiment was at a peak during the thick of the extended bull market, risky less-than-investment-grade...