HY slump hits Country Garden

摘要

Country garden holdincs last Wednesday withdrew an offering of US dollar notes, heightening fears that a bond market sell-off is freezing lower-rated Asian companies out of the capital markets. Country Garden is considered a bellwether for China's property sector, and its failed deal points to a change in sentiment among global investors after a series of popular financings. High-yield bonds from the sector fell more than two points after the outcome of the US presidential election increased volatility in secondary markets.