Key economic releases for the week
Last Week Summary
Asia G3 primary bond market continues to steamroll over a volatile week for risk assets with 28 bonds priced over 23 deals this week. US$9.466bn new bonds were issued this week, 23% week on week increase. Of the 23 deals, 8 of them came from the Chinese real
estate sector despite more negative headlines from China Evergrande Group. The group’s
bonds and equities are currently trading at historical lows. It is without surprise all Chinese
real estate bonds issued this week traded down in the secondary market. US$9.466bn of bonds was issued from 23 deals. Breakdown: Investment Grade: US$6.138bn, High Yield: US$1.720bn, Non-Rated: US$1.608bn.