Asian junk bonds outperformed global debt markets YTD, driven by a rebound in Chinese junk debt and Beijing's support for the property market.

Junk bonds in Asia have outperformed global debt markets this year, returning 9.8% YTD compared with about 3% for global speculative peers and losses in high-grade debt. This performance is driven by a rebound in Chinese junk debt as Beijing supports efforts to revive the nation's property market. Money managers such as T. Rowe Price Group Inc. believe that Asian junk bonds have further room to grow.

June 15, 2024
3 Articles