Finbarr Flynn

3 weeks ago | news.bloomberglaw.com | Finbarr Flynn |Ameya Karve

A rally in Asia’s junk bond market is building steam as investors return to risky assets on hopes that trade tensions between China and the US will ease. Investor demand pushed up dollar high-yield bonds in Asia as much as 0.25 cents on Wednesday, according to a trader. That adds to a recent rebound: Last week, the securities returned 1.7%, the most since June 2023, according to a Bloomberg index.

3 weeks ago | bloomberg.com | Finbarr Flynn |Ameya Karve

(Bloomberg) -- A rally in Asia’s junk bond market is building steam as investors return to risky assets on hopes that trade tensions between China and the US will ease. Investor demand pushed up dollar high-yield bonds in Asia as much as 0.25 cents on Wednesday, according to a trader. That adds to a recent rebound: Last week, the securities returned 1.7%, the most since June 2023, according to a Bloomberg index.

4 weeks ago | bloomberg.com | Finbarr Flynn

The UBS Group AG logo on the former Credit Suisse headquarters in Zurich. Photographer: Pascal Mora/Bloomberg(Bloomberg) -- A top Asian junk bond investor purchased more of such debt during the recent tariffs-induced market turmoil, reiterating a bullish view on the sector given fewer defaults and expectations of a lighter blow from trade tensions.

4 weeks ago | news.bloombergtax.com | Finbarr Flynn

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4 weeks ago | hk.news.yahoo.com | Finbarr Flynn

【彭博】-- 在川普關稅戰引發市場巨震之際，瑞銀資產管理一位業績表現優異的基金經理增持亞洲垃圾債，並重申看好這一市場，理由是違約減緩，並且預計貿易戰對亞洲企業的衝擊可能有限。 「我們繼續看好亞洲高收益債券今年整體表現，」瑞銀資產管理亞洲固定收益投資主管Raymond Gui表示。「與前幾年相比低於預期的違約率，以及關稅對信用基本面的直接影響有限，這都將是推動高收益債券中期表現的重要因素。」 根據彭博數據，Raymond Gui管理的瑞銀亞洲高收益美元債基金去年殖利率約為16%，擊敗了98%的同行，其他垃圾債基金的平均殖利率約為9%。 儘管市場普遍擔憂川普關稅政策將對亞洲出口導向型經濟體造成衝擊，但不少亞洲高收益債券發行人因較側重於本土市場，受影響程度可能相對較小。同時，在此前主導亞洲高收益債券市場的中資房企經歷了一輪歷史性的違約潮後，亞洲地區的債務違約有望放緩，這也有助緩解投資者的擔憂。 Gui表示，公司此前較為謹慎的倉位，使其得以按計畫在上周市場大跌時逢低買入了一些「超賣」的亞洲高收益債券。他強調，雖然亞洲高收益債券市場近期與全球市場同步下跌，但今年以來的表現並未跑輸。...